Cellulant beats Mpesa to win Best Payments and Transfers Company Award at African FinTech 2016

Pan-African mobile commerce company Cellulant, emerged the winner of the Payments and Transfers category in this year’s African FinTech 100 Awards. The company received the award at a ceremony held in Johannesburg, South Africa last week.

Cellulant which has its headquartered in Nairobi was among the more than 100 FinTech companies shortlisted for the Africa FinTech 100 Awards. The company was contending with 93 other companies in the Payment and Transfer category which was considered the most competitive.

Listed among the contenders were Interswitch, mPesa, VoguePay, I-Pay, Zoona, Hello Paisa, Yoco, Paga, eTransact among others.

“This award is the result of our team’s tireless input to create and sustain value for our customers in the countries we operate in.  We serve customers in the banking sector, mobile money operators, merchants, and retailers who use our payment platform to run their businesses. These teams are also doing transformational work in agriculture and the fast moving consumer goods value chains.’’ Cellulant’s CEO Ken Njoroge said after receiving the award in Johannesburg.

“We are just entering a new phase of growth increasing the coverage of countries we can serve our customers from the current 10 to 30. This award provides a shot of adrenaline for that starting line.”

The African FinTech Awards is organized by FinTech Africa, a sister organization of CFO South Africa. FinTech Africa encourages innovation in financial services to enhance financial inclusion and to let Africa prosper mainly through events. Besides FinTech Africa, the organization is also behind the European FinTech community with the European FinTech Awards and Conference.

Easy Equities was the overall winner of the 2016 African FinTech Awards. The share-trading platform, which allows investors to buy fractions of popular shares painlessly and at low cost, was awarded more points by the judges than any other nominee. It also scooped the honors in the InvestTech category, beating property-trading platform WealthMigrate and daily investment forecast vehicle I Know First to the award

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Nixon Kanali

Tech journalist based in Nairobi. I track and report on tech and African startups. Founder and Editor of TechTrends Media. Nixon is also the East African tech editor for Africa Business Communities. Send tips to

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