Global insurance technology firm, bolttech has entered into an agreement with NCBA Group subsidiary, LOOP to roll out device financing in Kenya under the Buy Now Pay Later model.
Under the partnership, the two firms target to roll out LOOP FLEX affordable for customers to own the devices which are insured.
“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 Stephan Tan, bolttech Chief Executive Officer EMEA.
The deal is also expected to provide customers with flexible financing with comprehensive, mandatory 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 centres using genuine parts.
“It’s another step towards delivering innovative, accessible, and digitally driven financial solutions that empower our customers to live and work with confidence,” added Eric Muriuki, Chief Executive Officer LOOP DF.
