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How Cellulant plans to use Sh4.8 billion financing

NAIROBI, KENYA: The recent announcement of Sh4.8 billion deal by Kenya’s payment firm Cellulant left many people wondering how the company secured such kind of money in a region where capital is a challenge to many enterprises.

Cellulant founded in 2004 in Kenya operates in 11 countries across Africa and offers digital payments platforms and mobile banking services aimed at those who do not have a bank account.

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