page_title: Kangai technologies
section_title: History
hierarchical_section_title: Kangai technologies / History
caption_attribution_description: English: SaccoTek Software Logo
context_page_description: Kangai technologies, is a business and financial software company that develops and sells financial, accounting, and management software and related services for small businesses, Sacco, Real Estate Companies, Housing Co-operatives, Property Agencies and individuals. The company is headquartered in Nairobi, Kenya.
  Kangai Technologies was founded in January 2017 by a team of young, brave techpreneurs who built the innovative firm from scratch with an initial investment capital amount of 10,000 Kenya Shillings only.
  The first software product to be developed was a Savings And Credit Co-Operative Management Information System named SaccoTek.SaccoTek Sacco Software, Sacco Management Software, Sacco System
  This product was designed to solve numerous issues that face Credit Unions in their daily operations. This was actualized by the reduction of paperwork and manual operations that were noted to slow down the processing of loan applications and loan repayments.
  Since then, Kangai Technologies has rolled out three more software products namely;
context_section_description: Kangai Technologies started operations on January 1, 2017 with just two employees.
  The success and adoption of its inaugural Management Information System , SaccoTek, across different cities and towns in the Republic of Kenya led the company into undertaking a massive recruitment drive for new staff presumably with Software development skills, marketing and Software testing .
  Kangai Technologies was feted on December 2017 as one of the most promising startups in Africa by an online poll and ranking firm, Startup Ranking.
  In February 2018, Kangai Technologies was feted as one of the upcoming fintech startups worldwide by AngelList .
  In May 2018, Kangai Technologies competed in a startup seeding contest with other entrants from around the world under the Seedstars body and emerged among the top 10 startups.
  Kangai Technologies organised a first of a kind open day on August 24, 2018 at their office in Nairobi, Kenya. The event, a Three Day Symposium, was attended by a host of participants including Credit union managers, Microfinance institution officials, fellow software developers, students and other members of public.
caption: Kangai Technologies Flagship Software Product Christened SaccoTek.
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