Kenya, 3 November 2025 – KCB Group Plc has announced a strategic move to acquire a minority stake in Pesapal Limited, one of East Africa’s leading digital payment service providers.
The deal, unveiled on Monday, reinforces KCB’s broader ambition to strengthen its position in the fast-growing fintech space and build a comprehensive ecosystem around digital payments and financial technology.
This latest acquisition comes just eight months after KCB finalised the purchase of a 75 percent controlling stake in Riverbank Solutions Limited, a Kenyan fintech company specializing in digital payment processing and financial technology solutions.
Together, the two investments signal a clear and deliberate effort by KCB to evolve from a traditional bank into a platform-based financial services provider with a strong presence across the region’s rapidly digitalizing economy.
KCB Group Chief Executive Officer Paul Russo said the move reflects the bank’s long-term strategy to leverage technology in expanding access to financial services and delivering innovative digital products to customers across Africa.
