Africa

Yabx Expands Operations and Service Offerings As Digital Lending Gains In Africa Region

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Yabx Expands Operations and Service Offerings As Digital Lending Gains In Africa Region

Africa continues to be the backbone of our business as we have a comprehensive understanding of the land in terms of the credit ecosystem.

NAIROBI, Kenya, September 22, 2021 / APO Group / –

appoints Eunice R. Gatama, expert in the telecommunications industry, as director of business in Africa; aims for continued growth, as digital lending services are expected to grow rapidly in Africa.

Yabx (www.Yabx.co), a financial technology company offering credit products in 12 African countries, today announced the appointment of Eunice R. Gatama as Director of Business in Africa. This is a strategic move by the company that is aggressively expanding its market share in the digital lending space in Africa. Offering some of the best performing portfolio returns for its partner banks, Yabx has seen significant momentum in its existing loan portfolios. With partnership agreements signed with leading banks and portfolio operators in several countries in East, West and Central Africa, Yabx is ready to expand its market and launch new product offerings. services to meet customer needs.

Incubated by Comviva Technologies, a global leader in digital financial services, Yabx aims to simplify financial access for new clients and MSMEs in Africa by providing financial access to underserved people. It leverages technology and analytics to lower the cost of providing financial services, thereby providing banking services to underserved people. The company has established strategic partnerships with leading banks, microfinance institutions, e-commerce players, payment gateways, credit bureaus, mobile financial service providers, mobile network operators and manufacturers. cell phones in the area. With a greater focus on Africa, Yabx plans to capitalize on the burgeoning digital payments and e-commerce market.

In addition, the new Africa Business Director at Yabx, Eunice brings with her over 15 years of relevant banking experience. Eunice has worked with NCBA Bank Kenya and a leading mobile network operator, Safaricom PLC, with a focus on digital financial services. Over the years, Eunice has been instrumental in various projects aimed at delivering strategic products. Most recently, she led the delivery and scale-up of FULIZA M-PESA, which surpassed her projected performance and won numerous local and global awards. She was also in charge of credit and savings products as well as data monetization within the Safaricom Financial Services (M-PESA) team.

Eunice is passionate about digital financial inclusion. She was part of the team leading the Connected Women program, aimed at bridging the gender gap in mobile internet and mobile money services, like Vodafone’s M-Woman program and GSMA’s Connected Woman initiative.

A graduate of the United States International University-Africa in Bachelor of Science in Information Technology and Networking, Eunice also holds a Micro Master in Digital Product Management from Boston University.

Speaking on expansion plans, Rajat Dayal, Founder and Managing Director of Yabx, said: “Africa continues to be the backbone of our business as we have a comprehensive understanding of the earth in terms of the ecosystem. credit. I am extremely happy to have Eunice with us to fuel Yabx’s next level of growth in Africa. She has hands-on experience launching and scaling the largest digital credit product in Africa. His in-depth knowledge and experience in the field of mobile financial services will further drive our growth in the Africa region. “

“I am delighted to join Yabx, one of the leading Fintechs in the digital lending space. It’s a proud moment to be associated with a company that promises to simplify financial access for unbanked customers through digital loan offerings. With its strategic focus in the Africa region, we will continue to seek strategic partnerships aimed at disrupting the market with innovative digitally driven financial products, ”added Eunice R. Gatama upon her appointment.

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