LOOP Launches a new innovative device financing solution

LOOP, the Fintech subsidiary of NCBA Group, has launched a new device financing solution in partnership with global insurtech leader Bolttech, designed to make it easier and more affordable for customers to own high-quality devices.

The solution combines LOOP FLEX, a flexible Buy Now, Pay Later (BNPL) financing solution with up to 12-month instalments, with bolttech, offering a comprehensive built-in device protection seamlessly integrated into the LOOP customer experience. Coverage includes theft, accidental and liquid damage, mechanical breakdowns, and certified repairs, with servicing handled exclusively at authorized centers using genuine parts.

The launch of the device financing solution comes as LOOP kicks off the LOOP Shopping Festival, a vibrant festive-season campaign offering customers unmatched value, exceptional savings through cashbacks of up to 20%, and delightful shopping experiences throughout the festive period and into February.

LOOP customers will be able to enjoy cashback from select mobile mobile device partners, in addition to multiple cashback benefits from over 30 other partner merchants such as Shell, Hotpoint, Quickmart, OPPO, Bata, Galitos, ArtCaffé, Lintons, Samsung, Tecno, Vivo, Pizza Inn, AutoExpress, and many more. From electronics and fashion to fuel, beauty, food, groceries, and devices.

Commenting on the launch of the new solution, Eric Muriuki, CEO LOOP DFS, said:
“Our new device financing solution is a timely offering as we continue to innovate around our customers’ lifestyle needs. We are making it easier for them to own premium devices while protecting value and transforming how technology is experienced. It’s also another step in delivering accessible, digitally driven financial solutions that empower our customers to live and work with confidence.”

As part of the LOOP Shopping festival, LOOP will also host on-ground mall activations to give customers immersive and interactive experience. Some of the activations lined up include The Nord Mall in Ruiru, TRM (Thika Road Mall) and Sarit Centre. The activations will feature vendor showcases, product trials, exciting giveaways, and live engagements designed to bring the festive energy directly to LOOP customers.

The LOOP Shopping Festival is open to all LOOP customers. Simply download the LOOP App today and start enjoying the LOOP Shopping Festival offersTop of Form.

Read Also: LOOP Unveils LOOP FLEX, A Buy Now, Pay Later Solution Empowering Smarter Spending