Tag: #Cellulant

Cellulant lands Africa’s largest investment in the fintech Space

Cellulant lands Africa’s largest investment in the fintech Space

Business, Technology
Cellulant, an African digital payments service provider bagged $47.5 million from Rise Fund, an impact fund run by private equity group TPG Growth though details of the stake still unclear. The investment is not only currently Africa’s largest in the fintech arena but also it is unique to Cellulant as the company is “for Africa, by Africans, in Africa” according to its mission statement. “Across Africa, expanding easy-to-use and low cost mobile banking offers immense potential for impact and Cellulant is at the leading edge of that work,” said Bill McGlashan, CEO and co-founder of The Rise Fund in a press statement. “We’re excited to invest in African entrepreneurs like Ken and Bolaji to help them grow their businesses and expand their impact on society. Cellulant is a perfect part
Cellulant partners with Kenya Airways to enable online bookings through mobile money wallets

Cellulant partners with Kenya Airways to enable online bookings through mobile money wallets

Business, Internet, Mobile, Technology
Digital payments service provider, Cellulant has partnered with Kenya Airways in a bid to provide a variety of mobile and bank payment options to Kenya Airways customers paying for bookings online. This payment solution is in partnership with Pesalink, a switch which has over thirty banks in Kenya. The solution will offer bank payment options for Kenya Airways customers. Commenting on the partnership, Kenya Airways, Chief Commercial Officer, Vincent Coste noted that the airline is keen to continually offer innovative solutions at a speed to match the constantly evolving marketplace by embracing technology to enhance customer experience and increase efficiency in how it does business. “We continue to partner with the different fintech companies across the world which will help Ke