Bank of Kigali (BK), a leading financial institution in Rwanda, has announced a strategic partnership with Veefin Solutions, a global leader in Supply Chain Finance (SCF) and Banking-as-a-Service (BaaS) solutions. This collaboration marks a significant step forward for BK in its digital transformation journey, aiming to deliver enhanced services across corporate, SME, agribusiness, and retail segments.
Through this partnership, BK will introduce a fully digital and personalised banking experience, a first for the Rwandan financial sector.
Veefin’s comprehensive suite of SCF and Digital Lending solutions will be integrated into BK’s operations, enabling seamless customer onboarding, automated loan underwriting, efficient transaction management, and robust debt recovery.
Dr. Diane Karusisi, CEO of Bank of Kigali, expressed enthusiasm about the partnership, stating, “This collaboration is a pivotal moment for BK as we strive to enhance efficiency, transparency, and speed in our loan processes. Our customers will benefit from faster turnaround times and the convenience of applying for credit products through our digital channels.”
Raja Debnath, Managing Director of Veefin Solutions, emphasised the significance of the partnership in advancing digital lending solutions in Rwanda. He noted, “Africa, particularly Rwanda, is at the forefront of technological innovation. BK’s decision to partner with Veefin underscores this trend. Our collaboration will set new standards for the continent.”
Established in 1966, Bank of Kigali has been instrumental in driving Rwanda’s economic growth. With a strong commitment to customer-centricity and innovation, the bank has consistently been recognized as the best bank in Rwanda by prestigious industry publications.
By leveraging Veefin’s technology, BK aims to further strengthen its position as a leader in the Rwandan banking sector and deliver exceptional value to its customers.
Key features of the partnership:
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Full-scale digital transformation across various customer segments
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Enhanced customer experience through a hyper-personalised platform
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Accelerated loan processing and improved efficiency
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Strengthened BK’s position as a leader in the Rwandan banking sector
This partnership between Bank of Kigali and Veefin Solutions is poised to reshape the Rwandan financial landscape and drive inclusive growth.
