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Cellulant Confirms Akshay Grover as New CEO


Kenyan-based payments firm Cellulant has named Akshay Grover its new CEO effective May. Akshay has been holding the position in an acting capacity since May 2021 after taking over from Ken Njoroge, who transitioned from his position to take up new roles at the firm’s board level.

“We are delighted to appoint an executive of Akshay’s calibre and experience to the role,” said Cellulant Board Chairman, Dr Sam Kiruthu.

“Akshay brings extensive and diverse industry experience in technology and finance. During the time that Akshay has served as Acting CEO, the board has been impressed with his commitment to openness, attention to detail and an unrelenting focus on the future of the business.”

With more than 15years of experience focused on the TMT across the EMEA and Asia region, Akshay’s experience spans investing – early and growth stage, portfolio management, strategy, restructuring, and capital raising.

Commenting on his appointment, Akshay said he looked forward to growing Cellulant into the most prolific and most innovative payments platform in Africa. “I look forward to continuing to work with the Board and our stellar management team to maximize this opportunity to deliver further growth and value for all our stakeholders,” he said.

“Cellulant is well placed to lead and transform the payments landscape in Africa. Our deep connectivity with over 120 banks and 40 mobile operators in the continent enables us to have an unparalleled network on the African continent. We are reducing the amount of friction around payments and, by doing so, creating a seamless way for businesses to collect and make payments. Our integrated payments platform caters to both offline and online solutions that power success for businesses of all sizes while delivering a superior user experience for the end customer.” he added.

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Nixon Kanali

Tech journalist based in Nairobi. I write about tech, business and African startups. Founder and Editor For TechTrendsKE. Nixon is also the East African tech editor for Africa Business Communities. Send tips to nkanali@techtrendske.co.ke.

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