Transaction

Cloud9's Acquisition of M-Tickets' Operations in Kenya for KES 100 million

Announced

19 May 2026

Target

Mtickets Kenya Limited

Value

$771,248

Asset class

Corporate Transactions, Venture Capital

Type

Merger/Acquisition(M&A)

Instrument

Ordinary Shares (Equity)

Lead investors

Cloud Nine Payments Ltd

Investors

Cloud Nine Payments Ltd

Sector

Technology / Consumer Digital Services

Markets

Kenya

About the target

Mtickets Kenya Limited (M-Tickets) is a Kenya-based digital ticketing and event commerce platform founded in 2014 by Brian Bogonko. Headquartered in Nairobi, the company provides end-to-end ticketing services for concerts, sports events, transport, and corporate events, enabling ticket buyers to purchase via M-Pesa and digital channels and giving event organisers access to a real-time partner portal for sales tracking and event management. The platform has processed over one million tickets since inception and serves event promoters, transport operators, and corporate clients across Kenya. Mtickets generates revenue through service charges levied on ticket buyers, with no direct cost to organisers. In May 2026, the company was acquired by Cloud9, a Kenyan digital banking startup, in an all-stock transaction valued at approximately KES 100 million (USD 773,000). Under the acquisition terms, Mtickets continues operating as a standalone brand under Bogonko's leadership, with planned integration into Cloud9's embedded finance ecosystem.