NAIROBI, Kenya – November 4, 2025 – Pesapal Limited, a leading financial service provider, has entered into an agreement for a minority investment from KCB Group Plc, 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 investment represents a vote of confidence in Pesapal’s business model, leadership, and vision to simplify commerce for every business. This investment strengthens the company’s capacity to scale its operations and accelerate innovation across African markets while maintaining its independence and entrepreneurial culture.
Today, Pesapal serves businesses across key economic sectors including retail, hospitality and travel, petroleum, manufacturing, and B2B services. Its comprehensive suite of payment and business solutions addresses critical barriers to business growth from limited payment acceptance options to inadequate business management tools and constrained access to credit.
Combined with KCB Group’s strong financial infrastructure, customer reach, and deep market expertise, the investment strengthens Pesapal’s capacity to scale its operations and catalyse digital transformation in the payments space in Africa.
“Businesses across Africa need more pathways to sustainable growth and this partnership delivers by expanding opportunities for them to thrive,” said Agosta Liko, Co-founder and CEO of Pesapal. “This collaboration aligns with our mission, sets the stage for new innovations that enhance value for businesses across Africa, and demonstrates how FinTech's and established financial institutions can work together to accelerate digital transformation and economic inclusion,” he added.
The proposed transaction sets the stage for development of innovative financial services and business solutions for businesses of all sizes across Kenya enhancing value for shareholders of both Pesapal and KCB.
“Through this transaction, we want to further build our digital capabilities, leveraging Pesapal’s cutting-edge technology, footprint and agility, enabling customers and SMEs to benefit from simplified, secure, and scalable payment tools,” KCB Group CEO, Paul Russo said. “By integrating payments, financing, and business tools, we want to empower SMES to operate more efficiently, expand their markets, and participate fully in Kenya’s digital economy.”
The partnership will enable Pesapal to deepen its innovation pipeline and scale existing products across KCB’s regional footprint; reaching more businesses while maintaining full operational independence and brand identity.
The transaction is subject to regulatory approvals, and financial terms remain undisclosed.
For media inquiries:
Pesapal Limited
Regina Mwanza
Head of Brand and Communications
Email: [email protected]
