KCB Bank Group has acquired a minority stake in the payments firm Pesapal to gain exposure to the growing fintech sector without the complexities of a full acquisition, embracing a strategy that prioritizes agility and innovation.

• KCB Bank Group opted for a minority investment in Pesapal to tap into fintech growth.
• The partnership allows KCB to avoid operational and regulatory demands often faced by large banking groups.
• Pesapal provides integrated payment solutions in seven African countries including Kenya, Uganda, and Tanzania.
• Strategy and Innovation Director Mark Mwongela highlighted that this structure preserves the agility of fintech firms.