bolttech expands into Kenya with LOOP partnership

Insurtech company bolttech has partnered with LOOP, the digital banking platform of NCBA Bank, to offer Kenyan consumers a new way to finance and insure their electronic devices.

The alliance will support the launch of a new insurance product, LOOP Flex Device Financing (LOOP Flex), in October.

The LOOP Flex programme integrates financing options with insurance coverage for devices directly into the LOOP banking experience.

Customers will have access to protection against common risks such as theft, accidental damage, liquid spills and mechanical failure, and the benefit of an extended warranty.

Certified service centres will handle all repairs, ensuring the use of authentic parts.

LOOP DFS CEO Eric Muriuki said: “We are delighted to welcome bolttech to Kenya and to partner with a global leader in embedded protection. This partnership enables us to make high-quality devices more affordable while giving our customers the peace of mind that comes with comprehensive protection.

“It is another step towards delivering innovative, accessible and digitally driven financial solutions that empower our customers to live and work with confidence.”

LOOP DFS, a fintech company wholly owned by the NCBA Group, operates across six markets in East and West Africa.

bolttech CEO EMEA and group chief investment officer Stephan Tan stated: “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.”

In June, bolttech completed a Series C funding round, raising $147m (S$188.67m) at a valuation of $2.1bn. The funding round, which began in December 2024, attracted new investors including Sumitomo Corporation and Iberis Capital.

"bolttech expands into Kenya with LOOP partnership " was originally created and published by Life Insurance International, a GlobalData owned brand.

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