Watu Credit posts record $37 million profit as smartphone financing drives growth
Watu Credit, a Kenyan asset-financing startup known for funding motorcycles, tuk-tuks, and smartphones across Africa, reported a record KES 4.8 billion ($37 million) net profit for the year ended December 31, 2025. The Nairobi-based company’s profit surged from KES 157 million ($1.2 million) in 2024, representing a 14-fold increase in earnings. Revenue also grew strongly, … Read more