As part of a leadership transition, Kenyan fintech firm Kopo Kopo named Dennis Ondeng its new CEO.
Another aspect of the transition is the appointment of Rose Muyeshi as Chief Risk Officer (CRO) and Chad Larson as Chief Financial Officer (CFO). Kibet Yegon will take over as the finance startup’s Chief Technology Officer (CTO).
Since joining the company as CEO in 2019, Larson has been instrumental in elevating Kopo Kopo to its current position by fortifying its financial processes and advocating for inventive financing solutions.
With his wealth of experience, which includes developing mobile money technology solutions, the company’s new CEO, Ondeng, is well-positioned to guide it into its next expansion stage.
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Thirteen months after Kenya’s competition regulator authorised its planned takeover by Nigerian neobank Moniepoint Inc., there has been a change in leadership.
In a LinkedIn post, Kopo Kopo announced this move, stating that it will enable the firm to fulfil its objective.
A portion of the statement says, “We are confident that this dynamic leadership team will further Kopo Kopo’s mission and continue to deliver solutions for businesses in Kenya.”
Brief bio of the appointees
The new CEO, Dennis, joined Kopo Kopo at its inception in 2011. His wealth of knowledge, including developing the first mobile money technology solutions, puts him in a solid position to guide the business into its next stage of expansion.
Chad Larson, the Chief Financial Officer (CFO) joined Kopo Kopo in 2019 and took over as CEO. He has since bolstered the company’s financial operations and supported creative loan solutions, which have helped Kopo Kopo reach its current status.
Rosemary A. Muyeshi (CRO) assumes the chief risk officer position. Renowned for her practical approach and strategic thinking, Rosemary will be essential to maintaining Kopo Kopo’s stability and expansion.
Kibet Yegon, who has been with the company since its inception, takes on the Chief Technology Officer (CTO) role. Thanks to his excellent technical aptitude, Kibet is well-suited to spearhead Kopo Kopo’s technological ambitions and ensure that its infrastructure satisfies the changing needs of the companies they work with.
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About Kopo Kopo
Kopo Kopo’s platform powers the largest independent merchant network in the mobile money sector.
Its merchant services include Payment aggregation, business-to-business payments, merchant cash advances, SMS advertising, and business intelligence.
Web, SMS/USSD, and Android are the accessible channels for merchant services.
Additionally, Kopo Kopo provides merchant acquirers such as banks, mobile network providers, and third parties with an array of ISO/Acquirer capabilities.