Sun Finance acquires AS Zenka Group and expands into AfricaAS Sun Finance Group, one of the fastest-growing financial technology companies in Europe, has acquired a majority stake in AS Zenka Group, an online lending company operating in Kenya.
By acquiring Zenka, Sun Finance continues to pursue its long-term expansion strategy aiming to broaden its geographical reach and product offering. As a result of this acquisition, Sun Finance has entered the rapidly developing African lending market.
“The acquisition of Zenka marks an important milestone for Sun Finance, since it has allowed the company to expand its geographical footprint across a new continent. The acquired company has been smoothly and seamlessly incorporated into the Sun Finance operational structure as a separate Hub and, from now on, it will operate as an integral part of Sun Finance,” says Toms Jurjevs, the founder & CEO of Sun Finance.
Zenka, founded in 2018, has emerged as one of the leading online lending companies in Kenya. With a commitment to deliver innovative and flexible financial solutions, Zenka aims to meet the diverse needs of its customers. As part of the acquisition, Sun Finance will maintain the Zenka brand name in the local market, ensuring continuity and familiarity for the existing clients.
About Sun Finance Group and Sun Finance Treasury Limited
Sun Finance Treasury Limited is a subsidiary of Sun Finance Group, AS. Sun Finance is a financial technology company established in Riga, in 2017, by CEO Toms Jurjevs and co-founder Emīls Latkovskis. Sun Finance operates as an online consumer financing platform in eight countries across four continents, with headquarters in Riga, Latvia. Sun Finance has more than 12 million registered customers and employs more than 1400 people, 180 of whom work at the headquarters in Riga. The company is led by a team of seasoned professionals with more than 15 years of experience in managing FinTech, financial and IT companies.
Zanda Apine
Investor Relations
Zanda.Apine@sunfinance.group
+371 26 398 416
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