NAIROBI, Kenya—In a significant move to strengthen its foothold in East Africa, PayAngel, a leading fintech company, has paid a courtesy call to Kenya’s Deputy High Commissioner in the United Kingdom, at the Court of St. James.
The meeting was led by PayAngel’s Director for Growth, Joseph Elvis Lamptey, who introduced the company to the High Commission and Ambassador Dr. Joseph Warui.
During the meeting, PayAngel declared its intention to establish Kenya as its regional hub for East Africa.
Lamptey emphasized the company’s commitment to making Kenya more than just a market, but a true home for its regional operations.
He highlighted the receptiveness of Kenyans and their enthusiastic embrace of fintech innovations as key reasons for choosing Kenya as the hub.
“The warmth and openness with which Kenyans have welcomed fintech innovations make this country an ideal location for our East African operations,” Lamptey noted.
He further stressed that PayAngel’s mission goes beyond profit, focusing on adding tangible value to the everyday lives of Kenyans, or “mwananchi,” through innovative services.
One of the key points of discussion was the importance of government collaboration with the private sector to drive employment, foster economic advancement, and encourage innovation.
Lamptey articulated PayAngel’s vision of contributing to Kenya’s economy by creating jobs and supporting the local fintech ecosystem.
The Deputy High Commissioner, in his remarks, expressed his excitement about PayAngel’s decision to establish its regional hub in Kenya.
He assured the company of the High Commission’s full support, noting that its doors are always open to credible businesses and innovators like PayAngel who are committed to making a positive impact in Kenya.
“I am thrilled to hear about PayAngel’s plans to make Kenya its East African hub,” the Deputy High Commissioner stated.
“The High Commission is committed to supporting businesses that aim to establish a strong presence in Kenya, particularly those that prioritize innovation and economic empowerment.”
As a community-centric company, PayAngel is not solely focused on profits but is dedicated to improving the lives of its customers.
In the meeting, Lamptey highlighted some of the additional services PayAngel intends to offer, such as internships for Kenyan students in the diaspora and free life insurance for remittance beneficiaries in Kenya—a service already provided in Ghana through PayAngel’s flagship product, RemitCare.
“PayAngel’s approach is holistic,” Lamptey explained. “We are not just here to do business; we are here to contribute to the social and economic well-being of Kenyans. Initiatives like internships and free life insurance are just a few of the ways we plan to give back to the community.”
He expressed optimism about the future, noting that with the support of the High Commission, PayAngel is well-positioned to create employment opportunities and economically empower Kenyans.
Remittance inflows to Kenya have increased tenfold in the last 15 years reaching an all-time record of USD 3,718 million in 2021.
This phenomenal growth points to the importance of remittances as a source of foreign exchange to the country, equivalent to more than 3 percent of Kenya’s GDP.
