Cellulant, one of the leading digital payment provider has been named among the Top 50 emerging Fintech companies in the world in this year’s KPMG FinTech100 report.
Cellulant was listed among the only three African companies representing Africa from Kenya, Nigeria and South Africa to be included in the list of leading global Fintech innovators.
Speaking on this feat, the Co-CEO, Cellulant, Bolaji Akinboro, was quoted in a statement to have said, “Being listed as one of the only three African new and exciting companies that is disrupting the financial services industry globally is a vindication of our vision to become the leading financial services and payments brand in Africa. “Our commitment is to continue scaling a payments infrastructure that can transform two thirds of Africans who do not have access to a bank account. We believe that building a connected payments infrastructure is the foundation of solving real challenges and accelerating Africa’s growth and development.”
The 2018 KPMG Fintech100 report highlights innovative companies creating products and services at the nexus of technology and financial services.
Cellulant was listed among this year’s list of ‘Emerging 50’ firms – exciting new companies that are at the forefront of innovative technologies and practices and are often pursuing new business models.
The annual report now in its fifth edition has featured companies from 36 countries divided into two categories; The ‘Top 50’ – established Fintech firms around the globe, ranked based on innovation, capital raising activity, size and country. And the ‘Emerging 50’ firms.
Also, Co-founder of Cellulant, Ken Njoroge said that Cellulant is connecting a continent.
‘‘In most of sub-Saharan Africa, nearly 90 per cent of all payments and transactions remain cash based yet the rate of mobile penetration in Africa is currently at 43 per cent- we are innovating around digital payments to change this status quo.
“Diversity has shown itself to be a powerful driver of innovation; we have seen an explosion of innovation over the past five years, across geographies and sectors.
“We attribute much of this innovation to the diversity of experiences and the inherent creativity of the people working in many of these companies.”