Kenya Fintech Cellulant Starts Expansion to South Africa
- Company plans expansion to UAE and UK in next two years
- Fundraising into African startups to match 2021’s record
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Cellulant Ltd., a Kenyan payment-services provider, is starting a South African business after months of testing the market and is looking to wrap up fundraising for further expansion to the Middle East and UK.
The two-decade old company is looking to tap South Africa’s mature retail ecosystem, Chief Business Officer Sike Bamisebi said in an interview, with the United Arab Emirates and UK set to follow in the next two years.