WayaWaya Strengthens Leadership with Experienced Banking Expert

Kenyan fintech startup WayaWaya has announced the appointment of Raj Singh, a seasoned banking executive formerly with Chase Bank Kenya, to its board of directors and as a strategic advisor. This move underscores WayaWaya’s commitment to deepening financial sector partnerships and expanding into new markets across Africa and internationally.

Strategic Addition for Growth Phase

Singh brings over two decades of experience in banking and fintech across multiple continents. As Group Chief Operating Officer and Director of Retail Banking at Chase Bank Kenya, he spearheaded digital transformation initiatives that modernized the bank’s operations. Prior to this, he held leadership roles at FCMB Nigeria and ICICI Bank India, honing his expertise in operational excellence and customer-centric banking.

“Raj joins us at a pivotal moment as we transition from innovation to scalable growth,” said Teddy Ogallo, WayaWaya’s founder and CEO. “His insights on strategy, governance, and commercial partnerships will be invaluable as we expand our network of financial institutions and merchants.”

Expanding Financial Inclusion Through AI

WayaWaya is building an AI-powered platform that enables banks and merchants to offer personalized financial services to customers—particularly those underserved by traditional banking systems. The company’s solutions include credit scoring, digital payments, and loyalty programs tailored for African markets.

This appointment reflects a broader trend among African fintechs seeking experienced banking professionals to guide their expansion into regulated financial services. Recent examples include Moniepoint’s hiring of Rose Muturi from Branch Kenya and Cellulant’s recruitment of Anthony Hernandez from Xapo Bank.

The announcement follows a period of clarification regarding WayaWaya’s relationship with customer experience company Ajua, which had previously been reported as an acquisition—a claim the startup maintains was inaccurate, describing it instead as a consulting partnership.