Kenyan neobank Cloud9 raises $500,000 from crypto accelerator Alliance
- Cloud9 raised $500,000 in equity from Alliance, bringing total funding to $1 million.
- The company was founded in October 2025 by Tesh Mbaabu and Mesongo Sibuti.
- Cloud9 offers multicurrency accounts, cross-border payments, and virtual cards.
Cloud9's aggressive approach to funding and acquisitions indicates a strong growth strategy in the fintech sector. However, the founders' past failure with MarketForce raises questions about their ability to sustain this momentum. It would be beneficial to monitor how effectively Cloud9 integrates its acquisitions and scales its services in a competitive market.
