Cellulant Corporation Limited

Kenya Communications and IT Services

Cellulant Corporation is a developer of mobile payments ecosystems through the provision of mobile wallet, transaction banking and mobile payment gateway solutions to financial inclusion businesses such as commercial banks and large micro-finance institutions and other clients. It is headquartered in Kenya and has operations in Kenya, Nigeria, Zambia, Tanzania, Uganda and Rwanda.

We are invested in Cellulant Corporation Limited through Progression Eastern African Microfinance Equity Fund, which is managed by Progression Capital. For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

Key facts


Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

Africa, East Africa

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

Communications and IT Services
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

Intermediated investment
Progression Eastern African Microfinance Equity Fund
Fund Manager:
Progression Capital
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

February 2014

This is the investee company’s place of incorporation; or a fund’s jurisdiction.