10 Companies Awarded Kenya’s First Digital Credit Provider Licenses

10 Companies Awarded Kenya’s First Digital Credit Provider Licenses

by 22 September 2022

The Central Bank of Kenya (CBK) announced that it has awarded licenses to 10 digital credit providers out of the 288 applicants who responded to its call for applications in March 2022.

The announcement stated that all digital credit companies who did not apply for a license must cease providing such services immediately following the 17 September 2022 application deadline.

 


 

The 10 licensed digital credit providers in Kenya are:

1. Jijenge Credit LimitedJijenge Credit Limited

Provider of loan products such as logbook loans, asset financing, and import duty financing

2. Kweli Smart SolutionSmart Kiosk

WhatsApp-based service for preapproved merchants and customers to buy and sell on credit

3. Mwanzo Credit LimitedMwanzo Credit Limited

Short term business and business training loans

4. MyWagepay LimitedMywagepay

B2B employee salary advance provider

5. Flash Credit Africa (Giando Africa Limited)FlashCredit Africa

B2C salary advance loan provider

6. Sevi Innovation LimitedSevi

Enabling merchants to sell products on credit

7. Rewot Ciro LimitedREWOT CIRO LOGO

Alcoholic drinks restocking and ordering platform with credit access

8. Sokohela Limitedsokohela

Loans for MSMEs in the urban agricultural value chain

More information could not be found/confirmed on the remaining two licensees:

no logo available

9. Ceres Tech Limited

no logo available

10. Getcash Capital Limited

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