Tesh Mbaabu and Mesongo Sibuti, who stepped down from Kenyan social commerce platform Chpter, are launching Cloud9, a digital bank they say will provide a modern financial experience for young Africans. The founders say the digital bank will target millennials and Gen Z, who form the majority of Africa’s population but remain underserved by traditional lenders. Cloud9 comes less than two weeks after the pair stepped down from day-to-day roles at Chpter, the social commerce startup they joined in early 2024. “Being a founder isn’t just about starting things; it’s about knowing when to transition and where you can add the most value,” Mbaabu told TechCabal on Tuesday, September 30. Meet and learn from Africa’s top founders, creatives & tech leaders for 2 days of keynotes, mixers & future-forward ideas.