Global Insurtech bolttech Partners with LOOP to Enter Kenyan Market
Global insurtech giant, bolttech, has officially announced its expansion into the Kenyan market through a strategic partnership with LOOP, the fintech arm of the NCBA Group. This collaboration marks a significant step towards enhancing financial inclusion and device accessibility in Kenya.
LOOP FLEX: A New Era of Device Financing and Protection
The partnership will introduce LOOP FLEX, a groundbreaking Buy Now Pay Later (BNPL) solution scheduled to launch in October. LOOP FLEX is designed to provide Kenyan consumers with a transparent, convenient, and reliable way to finance device purchases. By enabling affordable device financing, the program aims to empower customers to acquire the technology they need while ensuring their investments are protected through comprehensive insurance coverage. According to Eric Muriuki, CEO of LOOP DFS, this partnership with bolttech, a global leader in embedded protection, allows LOOP to provide innovative and digitally driven financial solutions, giving customers access to essential devices with peace of mind.
This strategic alliance between bolttech and LOOP promises to revolutionize device ownership in Kenya by making it more accessible and secure. The LOOP FLEX program addresses a critical need in the market, offering both financing and protection, and aligning with the growing demand for innovative fintech solutions in the region.
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