Kenyan cash switch startup Kyanda expands to SA

Kenyan fintech startup Kyanda, a cash switch app that goals to assist customers make all types of transactions at as low a value as attainable, has launched operations in South Africa.

Launched in February 2020 by Collins Kathuli, Kyanda permits customers to make low-cost and quick cash transfers, buy airtime, and pay payments, amongst different issues.

The startup has processed over three million transactions since its formation, and Kathuli advised Disrupt Africa its purpose is to construct a fee ecosystem that serves each Kenya and Africa as a complete. With over US$10 billion being moved inside South Africa every year, and over 24 million South Africans sending cash to one another each day, South Africa is the primary cease on a broader enlargement journey.

“Now we have different markets in our pipeline. This is able to be achieved greatest as soon as we set up the market match for our merchandise, and naturally after we’ve constructed agency roots within the present areas we’re current,” mentioned Kathuli.

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