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Unlimit Expands to Kenya

Fintech Unlimit (previously known as Unlimint) expanded its services to the Kenyan market, upon securing a Central Bank of Kenya licence

Unlimit Expands to Kenya

Having received the licence from the Central Bank of Kenya, Unlimit (ex-Unlimint) fintech is entering the Kenyan market with secure and efficient payment solutions and comprehensive merchant analytics.

With the new move, the company expands its presence in Africa, after a successful launch in Nigeria. The company’s goal is to advance the payment landscape in Africa and empower local businesses with cutting-edge payment solutions.

The UK-based fintech offers card acquiring and issuance, multiple payment methods, fiat solutions for crypto, DeFi and GameFi, and BaaS API capabilities via an evolving financial interface, to startups and businesses across the world.

The firm had made several new partnerships in the last couple of months while expanding in different geographical regions across the globe.

Before concentrating on the African business scene, Unlimit partnered with Mercado Pago, a Brazil-based online payment solution to give merchants a payment acceptance edge while their expansion to Brazil.

Expansion to Kenya was motivated by the high demand from the company’s international merchants to establish local operations, states Unlimit.

Unlimit’s Director for Africa and India, Trevor Goott expressed sheer enthusiasm about the company’s entry into the Kenyan market. “It gives me great pleasure to bring on board Kenya as our second African country, following the recent announcement of the awarding of our Nigerian licence,” said Goott. “Also, given its strategic location in East Africa, Kenya serves as an ideal hub for the expansion of our operations in the region.”

Truly, over the last 15 years, Kenya has emerged as a prominent fintech hub in the African payment ecosystem, standing apart with its rapid mobile money growth and robust payment infrastructure.

Unlimit’s CEO, Kirill Evstratov, added: “We have ambitious plans for Kenya and East Africa, and are looking forward to supporting local businesses on their expansion goals. […] Our unwavering ambition is to establish ourselves as the benchmark in the payments processing industry, setting the standard for excellence and innovation, and allow companies around the globe to go borderless with their payments.”

Nina Bobro

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https://payspacemagazine.com/

Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.