Global Insurtech bolttech Expands Into Kenya

Global insurtech company bolttech has entered the Kenyan market through a partnership with LOOP, the digital banking service by NCBA Bank.

The move expands bolttech’s footprint in Africa, bringing its embedded protection and insurance solutions to one of the continent’s fastest-growing digital economies.

As part of the partnership, bolttech and LOOP will launch LOOP Flex Device Financing (LOOP Flex) in October. The programme will make it easier and more affordable for customers to own smartphones and other devices, while providing comprehensive protection.

The solution combines flexible financing with embedded device protection, covering theft, accidental and liquid damage, mechanical breakdown, and extended warranty. Repairs will be carried out at certified service centres using genuine parts.

Eric Muriuki, CEO of LOOP DFS, said the partnership would make devices more affordable while offering peace of mind to customers. “It’s another step towards delivering innovative, accessible, and digitally driven financial solutions that empower our customers to live and work with confidence,” he said.

Stephan Tan, CEO EMEA and Group Chief Investment Officer at bolttech, said Kenya’s dynamic digital economy made it an attractive market. “Together with LOOP, we are embedding protection into the device ownership journey, enabling more people to afford and safeguard the technology they rely on every day,” he noted.

The launch comes as rising smartphone prices in Kenya fuel demand for device financing. Providers such as Safaricom’s Lipa Mdogo Mdogo, Lipa Later, M-Kopa, and Watu Simu already offer instalment-based options, underscoring growing consumer appetite for flexible payment plans.