Skip to content
Africa’s largest mobile payment provider launched 20NINE's Business app

Press release -

Africa’s largest mobile payment provider launched 20NINE's Business app

20NINE and Africa’s largest mobile payment provider launched 20NINE's Business app to digitise Kenyan MSMEs

Stockholm, Sweden - January 8, 2024. The Fintech platform 20NINE and Africa’s largest mobile payment provider just launched 20NINE's affordable business app that enables MSMEs in Kenya to digitise their operations.

There are more than 7,5 million MSMEs in Kenya who create 90% of all jobs and contribute to nearly 50% of the Kenyan GDP. However, up to 80% of MSMEs fail within the first five years, despite having among the highest entrepreneurship rates in the world. The lack of cost-effective business apps targeting the needs of MSMES is one of the key blockers for MSMEs.

Andreas Lalangas, CEO and Founder of 20NINE commented on the launch, “We are proud to get the opportunity to launch our MSME focused business app in Kenya with our partner. It is a significant step on our journey to digitise businesses and society in general with our affordable and easy-to-use solutions."

This initiative is a testament to 20NINE's commitment to digitise the underserved segments of society in leapfrogging markets.

Related links

Topics

Categories


20NINE is the Fintech platform that connects micro-retailers and consumers in leapfrogging markets to make them bankable.

Our mobile apps offer easy and accurate shopping experiences both online and in-store. We help micro-retailers grow by extending their reach and via AI make both them and their customers creditworthy via our next-generation digital payments.

20NINE is established with offices and own subsidiaries in Sweden and Kenya.

For more information, please contact:

Andreas Lalangas, CEO, 20NINE +46700929572

Claes Wiberg, Board member, 20NINE +46708207783

You can also email us at press@20-nine.com or visit any of our websites www.20-nine.com and www.hifadhi.app

Contacts

Andreas Lalangas

Andreas Lalangas

Press contact CEO +46700929572

The impact Fintech platform

20NINE is the Fintech platform that makes micro-retailers and consumers in leap markets credit-ready with AI.

Our mobile apps offer easy and accurate shopping experiences both online and in-store. We help micro-retailers grow by extending their reach and via AI make both them and their customers credit-ready via our next-generation digital payments.

20NINE is established with offices and own subsidiaries in Sweden and Kenya.

20NINE TECH AB

Nybrogatan 60
114 40 Stockholm
Sweden