10 Corporations Awarded Kenya’s First Digital Credit score Supplier Licenses
The Central Financial institution of Kenya (CBK) introduced that it has awarded licenses to 10 digital credit score suppliers out of the 288 candidates who responded to its name for functions in March 2022.
The announcement said that each one digital credit score corporations who didn’t apply for a license should stop offering such companies instantly following the 17 September 2022 software deadline.
The ten licensed digital credit score suppliers in Kenya are:
1. Jijenge Credit score Restricted
Supplier of mortgage merchandise comparable to logbook loans, asset financing, and import obligation financing
2. Kweli Sensible Answer
WhatsApp-based service for preapproved retailers and prospects to purchase and promote on credit score
3. Mwanzo Credit score Restricted
Quick time period enterprise and enterprise coaching loans
4. MyWagepay Restricted
B2B worker wage advance supplier
5. Flash Credit score Africa (Giando Africa Restricted)
B2C wage advance mortgage supplier
6. Sevi Innovation Restricted
Enabling retailers to promote merchandise on credit score
7. Rewot Ciro Restricted
Alcoholic drinks restocking and ordering platform with credit score entry
8. Sokohela Restricted
Loans for MSMEs within the city agricultural worth chain
Extra data couldn’t be discovered/confirmed on the remaining two licensees:
9. Ceres Tech Restricted
10. Getcash Capital Restricted
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