iHub partners Chase Bank for innovation in Kenya’s financial services

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Kenyan incubator the iHub has partnered Chase Bank in an arrangement that will see the two organisations collaborate on advancing the country’s tech ecosystem and offering more innovative services to the bank’s customers and the general public.

Chase Bank has agreed to support a number of initiatives hosted by the iHub and m:lab in technology and enterprise, having previously sponsored events at the iHub and the PIVOT East startups competition.

iHub community members will assist Chase Bank in moving beyond mobile money payments to virtual currencies and cashless economies, aiming to boost financial services innovation and push Kenya’s banking sector beyond traditional modes of transacting to a technology-driven system.

“I am happy to jointly announce the start of this partnership and to continue to create opportunities for many and change the world that they live in,” said Josiah Mugambi, executive director of the iHub.

“Over the nearly five years it has been in existence, the iHub has played a critical role in catalysing the growth of the technology ecosystem. It has done this by acting as a connector, allowing world captains in business and technology to meet with aspiring entrepreneurs, as well as developers, engineers, investors and founders to meet.”

“Novelty is at the heart of our operations, we are continually on the lookout for leading edge ideas to provide solutions to our customers, therefore this partnership will give us an opportunity to fully explore these ideas and see how to best implement them for customer satisfaction as well as staff satisfaction where applicable,” said Raj Singh, director of special projects at Chase Bank.

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Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

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