Global insurtech bolttech has entered the Kenyan market through a partnership with LOOP, the fintech subsidiary of NCBA Group. They will launch LOOP FLEX in October, a Buy Now Pay Later program bundling device financing with comprehensive protection.

• The program aims to make device ownership easier and more affordable for customers, ensuring devices are protected against theft, accidental and liquid damage, mechanical breakdown, and extended warranty.
• LOOP FLEX is embedded directly into the LOOP customer journey, offering transparent financing and a single point of coverage for device protection.
• Eric Muriuki, CEO, LOOP DFS, emphasized that the partnership aligns with LOOP's digital mission, providing access to devices and peace of mind.
• Stephan Tan, CEO EMEA and Group Chief Investment Officer at bolttech, highlighted Kenya's dynamic digital economy and the companies' commitment to embedding protection into the device ownership journey.
• Protection includes theft with a 10 percent deductible and a gift voucher, and one-time repair for accidental/liquid damage with no deductible, all at certified service centers using genuine parts.