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kcb group acquires majority stake in riverbank solutions to enhance fintech offerings

KCB Group PLC is set to acquire a 75% stake in Riverbank Solutions Limited, a leading fintech firm, to enhance its digital financial services across East Africa. This strategic move follows a significant profit increase for KCB, aiming to leverage Riverbank's technology for improved payment solutions and operational efficiency for SMEs. The acquisition, pending regulatory approvals, positions KCB as a key player in the evolving fintech landscape, potentially unlocking new revenue streams and enhancing customer experiences.
Lucidity Insights
United States Dollar Kenyan Shilling KEN Nick Mwendwa Paul Russo
Business & Industry, News Article
03:12 25.03.2025
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