Kenyan fintech Branch International has acquired microfinance lender Century Microfinance Bank, in a move that will give the financial technology company a stronger presence in Kenya’s financial sector.
Branch has acquired 84.89% of the issued share capital in the microfinance bank, according to regulatory filings released by the Competition Authority of Kenya (CAK). It is a deal approved by the market regulator.
The acquisition will enable Branch to deploy more solutions in Kenya, allowing it to expand its digital and physical footprint.
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