KCB Group has entered into an agreement to acquire a minority stake in Pesapal Limited, a Central Bank–licensed payment service provider.
The investment, announced on October 31, 2025, seeks to accelerate digital payment innovations and empower Kenya’s small and micro enterprises.
The deal awaits regulatory approval from the Central Bank of Kenya.
The statement, signed by KCB Group General Counsel and Company Secretary Bonnie Okumu, read, “We are delighted to inform our shareholders and the investing public that KCB Group Plc (KCB) has, on October 31, 2025, entered into an agreement to acquire a minority stake in Pesapal Limited.”
According to the Group, this strategic investment aligns with its ongoing digital transformation journey and its commitment to building strong, technology-driven financial solutions that expand access to financial services.
“The investment sets the stage for development of innovative payment and other related solutions for Kenya’s small and micro enterprises, enhancing value for shareholders of both Pesapal and KCB,” the statement added.
The partnership represents KCB’s effort to deepen its presence in Kenya’s fast-growing fintech sector.
With small and medium-sized enterprises (SMEs) forming the backbone of the country’s economy, the integration of payment solutions like those provided by Pesapal is expected to streamline operations and expand access to digital finance.
The bank further stated that the transaction is subject to conditions that are customary to such transactions, including receipt of regulatory approvals from the Central Bank of Kenya.
This means the acquisition process will only be completed once the CBK gives formal approval, ensuring compliance with Kenya’s financial laws and regulations under the Capital Markets Act and the Capital Markets (Public Offers, Listings, and Disclosures) Regulations, 2023.
The announcement was issued in compliance with the Capital Markets Authority’s disclosure requirements, underscoring the Group’s commitment to transparency.
“This announcement has been issued within the requirements of the Capital Markets Authority in Kenya,” the notice clarified. “As a matter of policy, the Capital Markets Authority assumes no responsibility for the correctness of the statements made.”
KCB was advised in the transaction by KPMG Advisory Services Limited and IKM Advocates, both serving as financial and legal advisers respectively.
Pesapal Limited, which operates across Kenya and several other African countries, provides a range of payment processing services that include card payments, mobile money integration, and online transaction platforms used by businesses and individuals.
Its products are geared towards enabling merchants to accept and manage payments seamlessly.
The deal, once completed, will not only enhance KCB’s digital service offerings but also open new opportunities for collaboration in technology and innovation.
Industry observers see this as a continuation of KCB’s strategy to diversify its revenue streams through technology-driven ventures.
The KCB Group emphasized that this move reinforces its long-term goal of leveraging partnerships to drive inclusive financial growth.
