Global insurtech bolttech, announced its entry into the Kenyan market via its partnership with LOOP, the fintech subsidiary of NCBA Group.
Through this partnership, bolttech and LOOP will launch a new product, LOOP FLEX, a transparent, convenient, and trustworthy buy now pay later solution enabling device financing to customers this October.
The new program will make it easier and more affordable for customers to own the devices they rely on while ensuring they are fully protected.
“We are delighted to welcome bolttech to Kenya and to partner with a global leader in embedded protection. This partnership enables us to empower our customers with access to the devices they need through transparent and affordable financing powered by LOOP FLEX, as well as giving them the peace of mind that comes with comprehensive protection,” stated CEO of LOOP DFS, Eric Muriuki.
“It’s another step towards delivering innovative, accessible, and digitally driven financial solutions that empower our customers to live and work with confidence,” added Muriuki.
The solution combines flexible financing with comprehensive, embedded device protection seamlessly embedded into the LOOP customer experience, including theft, accidental and liquid damage, mechanical breakdown, and extended warranty, with all repairs handled at certified service centers using genuine parts.
“Kenya is one of Africa’s most dynamic digital economies, and we are proud to enter the market alongside LOOP, a trusted and innovative local partner. Together, we are embedding protection into the device ownership journey, enabling more people to afford and safeguard the technology they rely on every day,” said CEO EMEA and group chief investment officer at bolttech, Stephan Tan.
