Kenya’s Watu posts record $37 million profit on phone financing explosion

TechCabal | 11.05.2026 16:28
Watu Credit, a Kenyan asset-financing startup known for funding motorcycles, three-wheelers, and smartphones across Africa, posted a 14-fold increase in earnings in 2025, driven by rapid growth in its phone-financing business, which boosted revenue and lifted profitability.
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