| Founded | 2004 |
|---|---|
| Closed | 2023 |
| Country | Kenya |
| Sector | Fintech |
| Collapse type | Zombie Startup |
| Founder | Ken Njoroge, Bolaji Akinboro |
Cellulant
"Pan-African payments giant Cellulant quietly collapsed after TPG refused a lifeline."
Technically alive but effectively dead, burning cash
Key Events Timeline
Cellulant, a Nairobi pan-African payments company co-founded by Ken Njoroge and Bolaji Akinboro, raised $54M from Satya Capital and others and once processed payments in 33 African countries.
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