Kenya: KCB to Acquire Minority Stake in Pesapal

Kenya: KCB to Acquire Minority Stake in Pesapal

Nairobi -- KCB Group PLC has signed an agreement to acquire a minority stake in payment service provider Pesapal Limited, in a deal aimed at empowering small and medium-sized enterprises (SMEs) and accelerating digital growth across Africa.

Press release: KCB Group Plc signs agreement on proposed investment in Pesapal Limited

November 3, 2025 - KCB Group Plc today entered into an agreement to invest in Pesapal Limited (Pesapal), in a transaction that is expected to significantly accelerate commerce, create pathways to prosperity, and drive digital and inclusive growth for businesses across Africa. Pesapal is a financial services provider licensed by the Central Bank of Kenya with a presence in Kenya, Uganda, Tanzania, Rwanda, and Zambia. The company serves businesses…

KCB Bank Group to acquire stake in Pesapal

KCB Bank Group, a leading financial services provider in East Africa, will acquire a minority stake in Pesapal, one of the region’s biggest digital payment service providers. This marks the bank’s second major fintech investment in 2025, following its $15.4 million acquisition of a 75% stake in Riverbank Solutions in March. Both moves underline KCB’s growing ambition to transform from a traditional lender into a platform-based financial services…

KCB to acquire minority stake in Pesapal

KCB Group Plc has entered into an agreement to acquire a minority stake in Pesapal, the pioneering Kenyan digital payments company founded in 2009. The deal aims to develop specialized payment solutions for Kenya’s crucial small and micro businesses (SMEs). The acquisition, which remains subject to final clearance from the Central Bank of Kenya (CBK), […] The post KCB to acquire minority stake in Pesapal appeared first on HapaKenya.

KCB Bank Group Acquires Minority Stake in Pesapal, Expanding Fintech Footprint - Innovation Village | Technology, Product Reviews, Business

KCB Bank Group has acquired a minority stake in Pesapal, a leading payment service provider in East Africa, marking the bank’s second major fintech investment in 2025. The transaction follows KCB’s $15.4 million acquisition of a 75% stake in Riverbank Solutions in March 2025. Pesapal provides a range of digital financial services, including payment gateway technology, point-of-sale (POS) solutions, and digital credit for small and medium-sized e…