- Cellulant has hired Akshay Grover as the Acting-CEO effective May
- Akshay has more than 15years of experience focused on the TMT across the EMEA and Asia region
- Aksha takes over from Ken Njoroge, the co-founder and CEO transitioned from his position to take up new roles at the firm’s board level.
Kenyan-based payments firm Cellulant has named Akshay Grover as the Acting-CEO effective May. Aksha takes over from Ken Njoroge, the co-founder and CEO transitioned from his position to take up new roles at the firm’s board level.
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.
“I’m particularly excited about Akshay Grover, who takes over from me as the Acting-CEO effective May. ‘’ Ken Njoroge, co-founder and outgoing CEO Cellulant said in a memo sent to the company staff.
‘’I first met Akshay in March 2020 and resonated greatly with his energy and knowledge of the African market. Eventually, he joined the management team in January 2021. Since then, he has shown incredible leadership and has been instrumental in working with different teams to refine our growth strategy, finance and to optimize operations across Africa.” Ken added.
Since January, Ken says the management team at Cellulant has spent time drawing out the foundational plans that will guide growth over the next few years and building momentum in those areas. This he says has been a period to co-create and colour in the picture of Cellulant’s future.
‘’We have drawn inspiration from revisioning and recommitting to our mission of building world-class payment experiences for Africa’s mobile generation,’’ he says.
With the world having experienced massive disruption due to the COVID-19 pandemic, Cellulant says the future requires them to create a wider reach for its pan-African and global customers. As such, the company says it is in the process of launching services in new markets such as Ethiopia, Egypt, Ivory Coast, Senegal, Morocco, DRC, Cameroon, Burkina Faso, Mali, South Sudan, Algeria, Tunisia, and Guinea.
Cellulant has also simplified its product, unifying its offering into Tingg- a digital payments platform enabling business across Africa that was launched back in 2019. Tingg is an all-in-one, multi-functional consumer super app that lets you pay for different services directly from your mobile device. The app supports payments, financial services, and even commerce.
This innovation is built on a new technology platform leveraging cloud computing and data science to offer greater capacity and quality service to our customers.
‘’Over 18 years, we have built strong roots in our teams, products, and markets that have anchored the business through its phases of growth. We are now beginning to see our unlit potential chart paths into new territories, with new products with more reach and impact.’’ Ken says.
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