February 15

Kenyan Startup Finplus Passes $500 Million Transaction Value Mark

By Tom Jackson

Kenyan fintech startup Finplus Group has announced its software has now processed over US$503 million in combined transaction value in less than four years of operations.

Founded in 2017 by Kageni Wilson and Bernard Banta, Finplus provides fully-managed software to help financial services providers operate efficiently and scale cost-effectively in any market.

Its Software-as-a-Service (SaaS) platform enables the easy creation, rapid launch and efficient management of digital deposit, loan and insurance products, and contains modular solutions that entirely automate or dramatically accelerate things like onboarding, KYC validation, risk decisioning, bulk collections and disbursements, and SMS and email communications.

Photo courtesy of Adeolu Eletu

Source: Disrupt Africa (link opens in a new window)

Finance, Technology
financial inclusion, fintech, MSMEs, poverty alleviation, startups