KCB Expands Digital Frontiers With Riverbank Acquisition
KCB Expands Digital Frontiers With Riverbank Acquisition
KCB Group PLC has signed a binding agreement to acquire a 75% stake in Riverbank Solutions Limited, a leading financial technology firm.
Notably, the acquisition will strengthen KCB’s digital footprint and enhance its service offerings across Kenya, Uganda, and Rwanda.
The deal is subject to regulatory approval, including clearance from the Central Bank of Kenya.
KCB Expands Digital Frontiers With Riverbank Acquisition
Enhancing MSME Support
Riverbank Solutions is known for its cutting-edge payment solutions and business management platforms.
Through this acquisition, KCB will integrate Riverbank’s technology into its ecosystem, providing enhanced support to Micro, Small, and Medium Enterprises (MSMEs).
The fintech firm’s flagship platform, Zed 360, offers business management tools such as inventory tracking, financial reporting, and payroll management, empowering entrepreneurs with better financial oversight.
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Expanding Digital Capabilities
KCB will also leverage Riverbank’s solutions in agency banking, social payments, and digital business tools.
In addition, this move aligns with KCB’s broader strategy to enhance financial inclusion and create seamless digital experiences for customers.
“Riverbank has been a valuable partner since 2013, providing us with agency banking solutions. We see tremendous potential in its platforms to further support MSMEs and accelerate our digital transformation,” said Paul Russo, KCB Group CEO.
Strategic Industry Collaboration
The acquisition will consolidate KCB’s agent banking network, integrate advanced payment ecosystems, and introduce innovative non-banking solutions such as business training and marketplace presence for entrepreneurs.
“This deal enables us to offer a full stack of digital financial solutions, driving customer convenience and strengthening our competitive position,” Russo added.
Building the Future of Digital Finance
As part of its long-term vision, KCB aims to expand fintech collaborations and embed advanced digital lending and payment APIs.
Lastly, these innovations will support business growth, enhance financial inclusion, and position KCB as a leader in digital banking solutions in the region.
https://africabusinessnews.co.ke/kcb-ranked-7th-most-valuable-african-banking-brand-of-2025/
