Kopo Kopo , a Kenyan fintech startup that offers short-term business loans, has appointed Dennis Ondeng as its new CEO. Mondays leadership change comes 13 months after Kenyas competition authority approved its proposed acquisition by Nigerian neobank Moniepoint Inc.
The company also named Chad Larson as chief financial officer (CFO), while Kibet Yegon will resume as chief technology officer (CTO). Rosemary Muyeshi was appointed chief risk officer (CRO).
We are confident that this dynamic leadership team will further Kopo Kopos mission and continue to deliver solutions for businesses in Kenya, Kopo Kopo said in a statement.
Despite the leadership changes, Moniepoint told TechCabal that the acquisition is still in progress.
The transaction is still ongoing but hasnt been completed yet, the company said.
