PremierCredit Zambia Appoints Vincent Malekani as CEO, Aims For a Million Users
PremierCredit Zambia, a leading financial technology company serving Southern Africa, is pleased to announce the appointment of Vincent Malekani as its Chief Executive Officer. Malekani has expertise, a valuable network, and a stellar track record of over 20 years in propelling top and bottom-line performance, fostering world-class teams, and driving unprecedented business growth and success in the financial services sector.
Before his latest appointment, he served 8 years as Business Development Director for Mastercard in Zambia and Malawi, where he led significant sales and revenue expansion for Mastercard. He’s also a former Banker at Absa Group, Stanbic, and Investrust Banks.
PremierCredit Zambia, a participating startup in Visa Africa Fintech Accelerator’s first cohort, stands out in Zambia’s credit loan market with its innovative peer-to-peer (P2P) investment platform, PremierInvest, which offers investors up to 36%, its instant loan USSD service which deepens financial inclusion, and digital loans to underserved micro, small, and medium-sized enterprises (MSMEs).
In his new role, Malekani aims to achieve nationwide accessibility of the company’s products and services by forging partnerships with mobile network operators and continuously improving customer experience to grow the company’s user base to a million in two years.
“Vincent Malekani’s appointment is a testament to our dedication to driving innovation and delivering unparalleled value to our customers. His strategic prowess and industry acumen will be instrumental in propelling PremierCredit Zambia to new heights of success,” says PremierCredit co-founder and Chief Visionary Officer Chilufya Mutale-Mwila.
PremierCredit Zambia operates in a dynamic and competitive financial services landscape in Zambia. Malekani’s appointment demonstrates the company’s commitment to innovation and growth, as it seeks to empower individuals and businesses through its financial solutions.
Malekani takes over the helm of PremierCredit Zambia from the highly celebrated entrepreneur Chilufya Mutale-Mwila, the founding CEO of the company. Mutale has taken on the role of Chief Visionary Officer as she drives the pan-African expansion of the business into South Africa, Nigeria, and Kenya under the brand name Eshandi.
About PremierCredit Zambia:
PremierCredit Zambia, founded in 2019 by Eugene Mwila and Chilufya Mutale-Mwila, provides innovative financial solutions that empower individuals and businesses, fostering financial inclusion and growth within the Zambian economy. It also launched in Zimbabwe to offer credit for device acquisition. In 2020, PremierCredit raised $650,000 from Enygma Ventures.