In a move poised to reshape banking infrastructure across Africa, London-based SaaScada and CLOWD9 have announced a strategic partnership that promises to cut costs for financial institutions and extend banking access to remote regions.
The collaboration was formalised during the London Mayor’s Fintech Trade Mission to Kenya — part of a broader initiative to foster global fintech connections and unlock opportunities across African markets.
At the core of the partnership is a shared commitment to help African banks move beyond expensive legacy systems by adopting flexible, cloud-native platforms. SaaScada, known for its data-centric core banking platform, will join forces with CLOWD9, which specialises in decentralised issuer payments processing. By aligning their complementary technologies, the companies aim to deliver an end-to-end solution that empowers banks and fintechs to launch new services faster, reduce operational costs, and innovate at scale.
“This strategic partnership brings together the very best of core banking and payments processing,” said Suresh Vaghjiani, CEO of CLOWD9. “Our goal is to help African financial institutions reduce costs, innovate more quickly, and ultimately foster greater financial inclusion across the continent.”
A highlight of SaaScada’s platform is its Product Sequencer, which allows financial institutions to manage multiple financial products and wallets under a single account. This innovation, combined with SaaScada’s use of real-time, unstructured data, helps banks develop, iterate, and launch customer-centric offerings in weeks rather than months.
“With our product sequencer, banks and fintechs can build flexible, feature-rich products at a fraction of the time and cost it typically takes,” explained Steve Round, president and co-founder of SaaScada.
CLOWD9 adds another layer by offering a fully cloud-native, decentralised issuer processing platform built on microservices. Owning the full technology stack allows CLOWD9 to introduce updates and react to market needs in hours rather than days, providing banks and fintechs the agility to stay competitive.
The London Mayor’s Fintech Trade Mission, where the partnership was announced, highlighted the city’s role as a global hub for innovation and its commitment to strengthening economic ties with Africa.
“I’m very pleased to see two of the brilliant companies from our Grow London Global mission striking a deal together,” said Howard Dawber OBE, London’s Deputy Mayor for Business and Growth. “This is a testament to the power of networking and to London’s role in supporting companies to thrive internationally.”
By delivering scalable, cloud-native solutions tailored to the needs of Africa’s financial institutions, SaaScada and CLOWD9 hope to help bridge the financial inclusion gap, unlock cost savings, and bring modern banking to millions more people.
As the African banking landscape undergoes rapid digital transformation, partnerships like this signal how fintech and cloud-native technologies can reshape the future — delivering both profitability and social impact.