Banking on phone loans, Kenya’s Watu targets $340 million revenue in 2025
The company reported gross revenues of KES 29.9 billion ($231.4 million) in 2024, up from KES 17.9 billion ($138.5 million) the previous year, driven by a rapid uptake of phone financing, which now accounts for the bulk of new loans.
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Banking on phone loans, Kenya’s Watu targets $340 million revenue in 2025
The company reported gross revenues of KES 29.9 billion ($231.4 million) in 2024, up from KES 17.9 billion ($138.5 million) the previous year, driven by a rapid uptake of phone financing, which now accounts for the bulk of new loans.
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