KCB Bank Group to acquire stake in Pesapal
- KCB Bank Group will acquire a minority stake in Pesapal, enhancing its fintech portfolio.
- This acquisition follows KCB's $15.4 million investment in Riverbank Solutions earlier in 2025.
- Pesapal processes over 12 million transactions monthly, integrating major payment options.
KCB's strategic investments in fintech indicate a strong commitment to digital transformation in the banking sector. This approach not only positions KCB as a leader in financial services but also enhances its ability to cater to the growing needs of MSMEs in the region. However, the success of these acquisitions will depend on effective integration and regulatory approval.
