List Of Digital Lenders In Kenya
Digital lending is the process of offering loans that are applied for, disbursed, and managed through digital channels, in which lenders use digitized data to inform credit decisions and build intelligent customer engagement.
In this article Keweb.co tries to answer the question by publishing the full list of Digital Lenders in Kenya
Below are the full List of Digital Lenders In Kenya
Ceres Tech Limited
Getcash Capital Limited
Giando Africa Limited (Trading as Flash Credit Africa)
Jijenge Credit Limited
Kweli Smart Solutions Limited
Mwanzo Credit Limited
MyWagepay Limited
Rewot Ciro Limited
Sevi Innovation Limited
Sokohela Limited
Below is the Press Release from the Central Bank of Kenya.
The Central Bank of Kenya (CBK) announces that the transition period for all operating unregulated Digital Credit Providers (DCPs) to apply to CBK for a license ended on September 17, 2022.
This is pursuant to Section 59(2) of the Central Bank of Kenya Act (CBK Act), that required all operating unregulated DCPs to apply to CBK for a license within six months of the publication of the Central Bank of Kenya (Digital Credit Providers) Regulations, 2022 (the Regulations), i.e., by September 17, 2022, or cease operations.
On March 21, 2022, CBK announced the publication of the Regulations on March 18.
They provide for the licensing and oversight of DCPs.
The Regulations were issued pursuant to Sections 57(1), 57(3) and 57(4) of the CBK Act. Further, on May 17, 2022, CBK reminded all currently operating DCPs to apply to CBK for a license.
Which digital lenders are approved in Kenya?
The licensed digital credit providers in Kenya include: Ceres Tech Limited, Getcash Capital Limited, Giando Africa Limited, Jijenge Credit Limited, Kweli Smart Solutions Limited.