Almasi Financial Services

What Almasi Financial Services does

Almasi Financial Services Ltd is a Nairobi-based asset financing company incorporated in 2021 as a joint venture between Mansour Group and Contact Financial. It serves Kenyan corporations and SMEs seeking equipment and asset financing through three core products: Finance Leasing (where economic ownership transfers to the lessee while legal title remains with Almasi until a residual acquisition at term end), Hire Purchase Agreements (where the hirer takes exclusive possession with deferred title transfer upon full installment payment), and Asset Loans (a lien-backed facility where the borrower takes title at inception and Almasi registers a lien until repayment is complete). Terms range from 12 to 60 months with monthly billing and admin fees; pricing is quote-based rather than publicly disclosed.

The company operates with no proprietary technology platform — its digital footprint consists of a marketing website with a basic installment calculator and a contact form, plus a LinkedIn presence. Distribution is built around dedicated Enterprise Mentors who provide consultative advisory services, with customers booking appointments by phone (+254 715470000) or via the contact form with a 24-hour callback commitment. The value proposition emphasises asset specialisation and lifecycle understanding, flexible payment terms, access to manufacturer warranties, and tax deductibility of interest/lease payments — positioning Almasi as a long-term financial partner rather than a pure funds provider.

As a captive finance entity within the Mansour Group and Contact Financial ecosystem (with a minor operational linkage to Mantrac Group), Almasi benefits from parent balance sheet support, vendor networks, and regional brand credibility. Its stated differentiators are the Enterprise Mentor advisory model and a less bureaucratic origination process relative to traditional Kenyan bank financing. The company is privately held with 1-10 disclosed employees, serves a single-country market (Kenya) with East Africa referenced as broader scope, and discloses no revenue figures, no funding history, and no AI/automation capabilities.

Name

Almasi Financial Services

Legal name

Almasi Financial Services Ltd

Website

https://almasifinancial.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Almasi Financial Services is a Nairobi-based asset financing company, incorporated in 2021 as a joint venture between Mansour Group and Contact Financial, offering finance leasing, hire purchase, and asset loans to Kenyan corporations and SMEs across 1-5 year terms.

Ownership category

akta.pro rank

Product category

Commercial Asset Financing

NAICS

Finance and Insurance (52)

SIC

Finance Services (6199)

akta.pro primary industry

Equipment & Asset Finance (SME) (FSAKAGAF)

Keywords

• Asset financing solutions
• Finance leasing services
• Hire purchase agreements
• Equipment financing Kenya
• Commercial asset loans

Headquarters

HQ city

Nairobi

HQ country

Kenya

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Finance Leasing: Lease agreement where the lessee has economic ownership of the asset while legal ownership remains with Almasi. The lessee repays the cost of the asset plus return on capital through installments. At end of term, lessee can acquire asset for residual sum or lessor may sell.
2. Hire Purchase Agreement: Agreement to hire and later buy assets. Possession delivered to hirer with exclusive possession, title remains with owner during agreement period. At term end, hirer has option to purchase when all installments paid.
3. Asset Loan: Standard loan between lender and borrower for asset purchase. Almasi retains substantially all risks and rewards of ownership. Borrower takes title upon inception with lien registered in favour of lender. Upon repayment completion, lien removed and full ownership transferred.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Almasi Financial Services provides tailored asset financing solutions for corporations and SMEs in Kenya, including finance leasing, hire purchase agreements, and asset loans. The company funds the acquisition of equipment and business assets through structured installment plans ranging from 1 to 5 years, complemented by advisory services from dedicated Enterprise Mentors and extended protection/insurance offerings.

Product overview

Almasi Financial Services offers a unified portfolio of three asset financing products: Finance Leasing, Hire Purchase Agreement, and Asset Loan. These products are designed for corporations and SMEs in Kenya seeking equipment and asset financing. Finance Leasing provides economic ownership benefits while the lessor retains legal ownership. Hire Purchase enables exclusive possession with eventual ownership transfer. Asset Loan offers traditional lending with lien arrangements. The company also provides advisory services and extended protection solutions, positioning itself as a comprehensive financial partner rather than merely a funds provider.

Differentiator

Problem solved

Functional benefit

Products and services

• Finance Leasing A financing solution that helps companies acquire assets or equipment through lease agreements. The lessee has economic ownership while legal ownership remains with Almasi Financial Services. Installments repay the cost of the asset plus a return on capital to the lessor, with flexible terms from 1 to 5 years. At end of term, the lessee can acquire the asset for a residual sum.
• Hire Purchase Agreement An agreement enabling businesses to hire and later purchase assets. Possession is delivered to the hirer who enjoys exclusive possession while title remains with the owner until all installments are paid. At term end, the hirer has the option to purchase the asset upon completing all installment payments.
• Asset Loan A standard loan facility for businesses purchasing assets. Almasi Financial Services retains substantially all risks and rewards of ownership, with a lien registered in favor of the lender until repayment is complete. The borrower takes title to the asset upon inception, and upon completion of repayment, the lien is removed and full ownership is transferred.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Mantrac GroupminorOthersParent company referenced in vendor/partner logos. MantracGroup.com is listed as a related entity in the ecosystem.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• M-KOPA: Leading pay-as-you-go asset financing platform in East Africa providing solar home systems and smartphones through micro-installments. Closely aligned asset-financing model and East African SME/end-customer base, though tech-led and focused on consumer energy products.
• Watu Simu: East African asset financier specializing in motorbike and vehicle financing for SMEs and informal-sector entrepreneurs. Closely comparable business model to Almasi (installment-based asset finance targeting underserved borrowers) though focused on a specific asset class.

Broad incumbents

• ORIX Corporation: Global asset financing and leasing powerhouse with operations across multiple continents. Comparable product set (finance leasing, hire purchase, asset loans) though at vastly larger scale and broader geographic reach than Almasi.
• Co-operative Bank of Kenya: Large Kenyan bank providing asset and equipment financing to SMEs and corporates. Comparable target customer segment to Almasi, but broader product portfolio and deposit-funded balance sheet.
• KCB Bank Kenya: Major Kenyan bank providing asset finance, leasing, and corporate lending products. Comparable to Almasi on equipment financing for SMEs and corporates, but competes from a deposit-funded, full-service banking platform.
• DLL (De Lage Landen): Global vendor finance and equipment leasing company owned by Rabobank, providing asset-based financing solutions across multiple industries. Directly comparable product offering to Almasi's asset loans and finance leases but operates globally and at materially larger scale.
• Equity Bank Kenya: One of Kenya's largest banks by customer base, offering asset finance and leasing products alongside deposits and broader lending. Overlaps with Almasi's SME and corporate equipment financing but operates as a full-service incumbent rather than a specialized lessor.
• NCBA Bank Kenya: Kenyan bank offering asset finance and leasing as part of its corporate banking suite. Competes with Almasi for corporate and SME equipment financing customers but with the cost-of-capital advantage of a deposit-taking institution.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/almasi-financial

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Almasi Financial Services