March 7, 2026
Nairobi, Kenya

Fintech

Business

Regulator approves KCB acquisition of Mwendwa’s Fintech firm with strict conditions

A major shift is taking place in Kenya’s fintech space following regulatory approval of a deal involving Riverbank Solutions, a company founded by former Football Kenya Federation president Nick Mwendwa. The approval clears the way for KCB Group to take control of the firm, marking a significant milestone for both the entrepreneur and the banking

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