Transaction

Alliance invests USD 500k in Cloud9's operations in Kenya

Announced

6 October 2026

Target

Cloud Nine Payments Ltd

Value

$500,000

Asset class

Venture Capital

Type

Investment

Instrument

Ordinary Shares (Equity)

Lead investors

Alliance

Investors

Alliance

Sector

Financial services / Cross-Border Payments, Digital Banking

Markets

Kenya

About the target

Cloud Nine Payments Ltd (Cloud9 Money) is a Kenya-based financial technology company founded in 2025 by Tesh Mbaabu and Mesongo Sibuti. Headquartered in Nairobi, the company provides a mobile-first multi-currency digital banking platform targeting millennials and Generation Z across Africa. Core products include multi-currency accounts (Kenyan shilling, US dollar, euro, pound sterling, and Chinese yuan), virtual and physical VISA cards, high-yield savings vaults, cross-border payments, cashback on spending, and bill payments. Cloud9 is not itself a licensed bank; retail banking services are delivered through a partnership with Choice Microfinance Bank (MFB), regulated by the Central Bank of Kenya.