Alumni Profile: Beth Wambui Mwangi, founder and CEO of MyWagePay Ltd

By the Alumni Relations Office

Beth Wambui Mwangi is the founder and CEO of MyWagePay Ltd., a Kenyan financial wellness company. Beth is an entrepreneur, a solutions provider and a trailblazer in the Kenyan Fintech scene, being one of the few female startup founders in the country. She was ranked among the Top 10 leaders under Westerwelle Foundation’s Young Founders Programme in 2022 and was named an AfricaBerlin Network (ABN) Ambassador in June to facilitate the connection of startup ecosystems across Africa and Berlin.

Beth founded MyWagePay Ltd. which has been awarded a Digital Credit Provider (DCP) License by the Central Bank of Kenya (CBK). The Fintech company which was founded in November 2020 offers financial wellness services to corporate employees in the form of financial education and earned wage access. It is among the 10 firms awarded the license out of 288 applicants after submitting an application and meeting the stringent requirements in line with the CBK regulations released in March 2022.

Additionally, MyWagePay has been selected for an accelerator program that seeks to propel startups to launch operations in the United States as well as the TechBridge Invest Accelerator Program starting in late September 2022. Today, MyWagePay manages a number of leading corporate employers in Kenya including the College of Human Resources (CHRM), Maanzoni Lodge, and Sanic Logistics as some of its partners receiving financial wellness services. The company works to enhance corporate employee’s financial health and boost productivity. Additionally, she is an administrator of two thriving Facebook groups with over 1.2 million members.

Beth’s journey towards attaining her MBA began just when the COVID-19 pandemic hit the country in March 2019, but was determined to pursue her studies.

“With the marginalization of many women in corporate setup, I wanted to prove to everyone that it was possible for a female to succeed. I almost gave up when COVID-19 disrupted normal learning patterns but quickly took up the opportunity when online studies continued at USIU-Africa,” she added.

Beth has a background in education having graduated with a BA. Education, and worked as a teacher in various high schools before branching into her current career in finance.

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