Financial services and business solutions provider Pesapal has entered a deal with KCB Bank Kenya to transform fuel station operations across East Africa.
The deal will see the two entities roll-out the Pesapal advanced Forecourt Management Solution to over 10,000 fuel dealers in the region.
The Forecourt Management Solution provides an integrated digital platform that streamlines fuel dispensing, sales monitoring, inventory tracking, payment processing and financial reconciliation.
The solution addresses critical pain points that have long constrained the industry, from manual errors and inventory shrinkage to limited access to working capital.
“Combined with KCB’s nationwide reach and innovative financing, our technology will enable dealers to modernize operations, eliminate revenue leakage, achieve regulatory compliance, and, for the first time, access growth capital based on verified performance,” said Agosta Liko, Pesapal Founder,.
Under the deal, KCB will leverage real-time performance data generated through the platform to accurately assess creditworthiness and offer stock financing and working capital solutions to fuel dealers.
“The rollout of this framework is a clear demonstration of our commitment to utilizing technology and innovation to provide holistic solutions to our customers in the oil and gas sector,” said Annastacia Kimtai, KCB Bank Kenya Managing Director.
The platform is backed to help address urgent needs in East Africa’s petroleum sector, which is undergoing rapid transformation driven by evolving regulatory requirements, increasing consumer expectations for digital services, and growing pressure for operational transparency.
