David Dindi, founder and Chief Executive Officer (CEO) at Atomic Invest, was on Tuesday, June 6, listed among the 50 most influential founders in fintech by Forbes, a global media company.
Dindi, who founded his Atomic Invest firm in 2020 with his former classmates, was celebrated for overcoming various setbacks to establish a successful fintech startup.
The CEO teamed up with his classmate to build the digital platform aiding fintech, credit unions and financial institutions to provide consumer services, including market funds, Environmental, Social, and Governance investing and tax-loss harvesting.
According to Forbes, Atomic Invest penetrated the Kenyan market by signing up nearly 50 clients within two years and changing the game by introducing direct indexing services, allowing Kenyans to own small share fractions in various markets.
"A Kenyan-born software engineer, still just 30, has built a startup that lets other companies offer wealth management services to ordinary investors," Forbes described Dindi.
His success was catapulted after his firm received Ksh3.4 billion (USD 25 million) in November 2021 in a series A led by QED Investors and Anthemis.
Dindi was ranked alongside Danielle Cohen-Shohet (CEO of GlossGenius) and Sanjay Desai, (co-founder and CEO, of Mudflap).
Others were Hussein Fazal (Cofounder and CEO, of Super Com), Sean Harper (co-founder and CEO, of Kin Insurance) and Jacqueline Reses (co-founder and CEO, of Lead Bank).
"Despite the rough patch many fintech entrepreneurs are going through with abundant layoffs and shrinking valuations, some standout founders led their companies to impressive innovation and growth in 2022," Forbes stated.
"The six work across a diverse spectrum of fintech categories and hail from just as wide a range of backgrounds," the global media publication added.
Dindi's success aligns with President William Ruto's resolve to scale-up the investments to provide job opportunities for Kenyans.
According to Ruto, incentivising investors aligns with his Bottom Up Economic Programme.