Nairobi-based payments fintech firm, Cellulant, has revealed that its Group CEO, Akshay Grover, is set to step down in January 2024. Having served as CEO for nearly three years, Grover leaves behind a legacy of achievements, playing a major role in elevating Cellulant’s presence in Africa and globally. The company said Grover is departing to attend to personal matters.
The current CFO, Peter O’Toole will be stepping in as Acting CEO during this transition. The Nairobi-based fintech company is actively strengthening its leadership team, with announcements expected in the coming months.
Cellulant appointed Akshay Grover as the group’s acting CEO effective May 2021. He took over from former CEO and Cellulant co-founder, Ken Njoroge, who stepped down from his role at the payments company in January of the same year.
Grover assumed his new role after working in management-level positions at end-to-end IT service provider, iSON technologies. He brought with him over 15 years of experience spanning early and growth-stage investment, portfolio management, strategy and capital raising in technology, finance and telecoms across Africa, the Middle East and Asia.
Read More: Cellulant Appoints Akshay Grover as Acting CEO, Targets Expansion into More African Countries
About Cellulant
The fintech firm provides merchants with user-friendly payment solutions, enabling effective daily business transactions. Businesses can utilize its seamless payment platform to accept payments through various methods, including mobile money, local and international cards, and direct bank transfers.
After getting into the real payment business, the firm has continued to spread its wings across economic sectors and markets, establishing presence in 35 countries on the continent and integrating over 250 payment methods.
To give this success some perspective, the fintech boasts an 80 per cent market share of providing payment solutions for all airlines in Africa including Emirates, Kenya Airways, Jumbojet, Ethiopian Airlines, among others.
Read More; ‘We want to be the leading payments platform in Africa’- Cellulant CEO, Akshay Grover
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