LOOP, the fintech arm of NCBA Group, on Friday launched a device financing product built with insurtech firm bolttech, aiming to boost access to premium smartphones and electronics.
The service pairs LOOP FLEX, LOOP’s buy-now-pay-later facility offering instalments of up to 12 months with bolttech’s device protection, covering theft, accidental damage and mechanical breakdowns through authorised service centres.
The rollout coincides with LOOP’s Shopping Festival, a holiday campaign offering cashbacks of up to 20% across mobile devices and more than 30 partner merchants including Shell, Hotpoint, Quickmart, OPPO, ArtCaffé, Samsung and AutoExpress.
LOOP DFS CEO Eric Muriuki said the initiative strengthens the firm’s digital credit and lifestyle offerings. The company will also run mall activations at The Nord Mall, TRM and Sarit Centre.