22
INTERVIEW
Techie Champions the use of E-receipts nities informed the birth of Kibo Capital Group. Payment Gate and Tsenda are one of our key solutions that we have successfully rolled out in the market.
j
asper Ochieng’ is the founder and Ceo of Kibo Capital Group. Kibo Capital Group is a finance and technology company that is committed to supporting creation of capital, financing and creation of real time solutions to everyday problems facing the African entrepreneurs and businesses around payments. In the following interview he shares why the company is set to redefine the fintech landscape in Kenya through a revolutional digital receipt and other payments integration solutions. Tell us about yourself? When and why did you form Kibo Capital Group? Startupmagazine.co.ke
March 2020
I have a wealth of experience in finance, banking and innovation having worked for some of the leading Kenyan banks for over ten years. The past decade has seen a disruptive fintech space and supporting infrastructures that have opened up opportunities for businesses like us to operate and thrive. Technology has revolutionized finance and the whole banking experience. Any kind of banking activity can now be done on a mobile phone or laptop; there is no need for one to visit a banking hall. From paying for bills to transfer of money among others, mobile money and related innovations have made life convenient for Kenyans. Such opportu-
What is Payment Gate? Payment Gate is simply a receipting solution service provider that avails Universally Verifiable electronic receipts for both Mobile Money payments and banking deposits, online banking or via (Paybill). This innovation delivers unique solution that is tailor made as per client’s specification for purposes of records management and comes with a marketing/Communications/ads management functionality that directly saves clients stationary costs and huge spending on marketing and advertisement. Unlike most other traditional advertising channels, Payment Gate delivers a whole new world of functionalities with superior analytics hence giving one real value for investment. What informed the launch of Payment Gate? From my experience, Kenyans have a peculiar habit of throwing away receipts after shopping at supermarkets and malls. Why cut trees only to throw them away? We need to keep our environment in check. Another observation I made was that after a mobile money transaction or bank payment that is linked to an SMS,
