> ## Content Index
> Fetch the complete content index at: https://www.theglobalbanker.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# KCB Group Acquires 75% Stake in Kenyan Fintech Riverbank Solutions for $15m
- URL: https://www.theglobalbanker.com/kcb-group-acquires-75-percent-riverbank-solutions-kenya-15m/
- Published: 2025-03-25T14:00:00.000Z
- Updated: 2026-10-02T14:36:38.000Z
- Description: KCB Group has agreed to acquire a 75% stake in Kenyan fintech Riverbank Solutions for approximately $15 million, expanding its digital banking capabilities in East Africa.
- Author: TGB Editorial Team
- Tags: M&A, Africa, #archive

KCB Group has agreed to acquire a 75% controlling stake in Riverbank Solutions, a Kenyan financial technology firm, for about KSh 2 billion (approximately $15 million), according to media reports of the deal, which KCB announced on 25 March 2025\. Riverbank Solutions provides agency banking, revenue-collection, payments and SME business-management platforms; it has been KCB's agency banking technology provider since 2013.

The remaining 25% of Riverbank Solutions will stay with existing shareholders. KCB said the acquisition would extend its digital capabilities, with Riverbank's solutions operating across Kenya, Uganda and Rwanda.

#### REGULATORY APPROVALS AND FOOTPRINT

The transaction requires approval from the Central Bank of Kenya and the Competition Authority of Kenya. 

KCB Group has operations across Kenya, Uganda, Tanzania, Rwanda, Burundi, South Sudan and the Democratic Republic of Congo, and a representative office in Ethiopia.