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    Home»Business»An Interview with Ken Njoroge, Co-CEO of African fintech pioneer Cellulant
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    An Interview with Ken Njoroge, Co-CEO of African fintech pioneer Cellulant

    MusaBy MusaMarch 6, 2023No Comments4 Mins Read
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    Ken Njoroge is the co-founder and co-CEO of Cellulant, a leading African fintech company. With a career masstamilan spanning over two decades in the technology sector, Njoroge has been at the forefront of driving innovation and digital transformation in Africa. In this article, we will delve into Njoroge’s journey with Cellulant, his vision for the future of fintech in Africa, and his thoughts on the impact of COVID-19 on the industry.

    Can you tell us about your journey with Cellulant?

    I co-founded Cellulant in 2004 with Bolaji Akinboro. Our vision was to create a mobile payment platform that would enable people in Africa to access financial services and participate in the myvuhub formal economy. We started out by building a mobile banking platform for one of the leading banks in Kenya, and from there we expanded our offering to include digital payments and other financial services.

    Over the years, we have grown to become one of the leading fintech companies in Africa, with operations in over 18 countries. Our solutions are used by millions of people across the continent, and we have built partnerships with leading banks, mobile network operators, and other financial institutions.

    What do you see as the future of fintech in Africa?

    I believe that fintech has the potential to transform Africa’s economies and enable millions of people to access financial services and participate in the formal economy. With a population of over 1.3 billion people and a growing middle class, Africa represents a significant opportunity for fintech companies.

    In particular, I see mobile payments teachertn  and digital banking as key areas of growth for fintech in Africa. With mobile penetration rates on the continent approaching 80%, mobile payments are becoming increasingly popular as a way to access financial services. In addition, the rise of digital banking is enabling people to access banking services from their mobile devices, which is particularly important in areas where physical branches are not readily available.

    How has COVID-19 impacted the fintech industry in Africa?

    COVID-19 has had a significant impact on the fintech industry in Africa. On the one hand, it has highlighted the importance of digital payments and digital banking as a way to reduce physical contact and promote social distancing. This has led to an increased adoption of digital payments and mobile banking across the continent.

    On the other hand, COVID-19 has also had a pagalsongs  negative impact on the economies of many African countries, with businesses and individuals struggling to access credit and other financial services. This has created a significant opportunity for fintech companies to provide innovative solutions to help people and businesses navigate the economic challenges posed by the pandemic.

    At Cellulant, we have launched a range of initiatives to support businesses and individuals during the pandemic, including our Agrikore platform, which enables farmers to access credit and other financial services, and our Tingg platform, which enables businesses to accept digital payments and manage their finances remotely.

    What are some of the biggest challenges facing the fintech industry in Africa?

    One of the biggest challenges facing the fintech industry in Africa is the lack of infrastructure and regulatory frameworks to support digital payments and other financial services. Many African countries still have low levels of financial inclusion, with a significant proportion of the yareel   population lacking access to basic financial services.

    In addition, there is often a lack of trust in digital payments and mobile banking, particularly in areas where there have been high-profile cases of fraud and cybercrime. This makes it important for fintech companies to build trust and confidence in their solutions, and to work with regulators and other stakeholders to create a supportive regulatory environment.

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