Stablecoin-powered travel payments startup Timon has announced its expansion into Kenya, marking a significant milestone after reaching over 100,000 users across Africa.

• Timon has surpassed 100,000 users across Africa.
• The company received backing from Alliance, a global accelerator for crypto startups.
• Timon, founded by Tomi Ayorinde and Chizaram Ucheaga, operates in 16 African countries and has seen Kenya emerge as a fast-growing market.

Interswitch has appointed Geoffrey Njuguna as the new Managing Director for its Kenya operations. This follows his previous role as Regional Chief Financial Officer.

• Geoffrey Njuguna appointed as Managing Director, Kenya.
• Key organization: Interswitch.
• The appointment aims to deepen Interswitch's footprint in the Kenyan payments ecosystem and deliver greater value to stakeholders.