Insurtech bolttech Enters Kenya Through LOOP Partnership

bolttech Expands into Kenyan Market with LOOP Partnership

Insurtech company bolttech has officially made its entry into the Kenyan market, announcing a partnership with LOOP, the digital banking arm of NCBA Bank. This move marks bolttech's continued growth within Africa, as it seeks to expand its services across the continent.

Introduction of LOOP Flex Device Financing

As part of this partnership, the two companies will launch LOOP Flex Device Financing in October. This program aims to make it easier for consumers to afford smartphones and other devices by combining flexible financing options with necessary insurance coverage.

A Dual Approach: Financing and Protection

The LOOP Flex product focuses on not just easing the financial burden of device purchases but also providing important protections. Customers will benefit from coverage against theft, accidental damage, liquid damage, mechanical breakdowns, and extended warranties. This comprehensive approach is intended to remove some of the typical barriers consumers face when investing in devices.

Who Will Benefit?

This new offering should appeal to a wide range of customers in Kenya, particularly those who may find it challenging to afford new technology upfront. With the smartphone market continually evolving, having access to financing options, coupled with solid insurance, can help individuals and families embrace new technologies with more confidence.

Final Thoughts

The collaboration between bolttech and LOOP illustrates a growing trend in the insurance industry to integrate financial and protective services. As more insurtech companies tap into emerging markets, it will be interesting to see how they innovate to meet local consumer needs.

Original Source: https://www.crowdfundinsider.com/2025/08/249084-insurtech-bolttech-enters-kenya-through-loop-partnership/