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 RestrictedJijenge Credit Limited

Supplier of mortgage merchandise comparable to logbook loans, asset financing, and import obligation financing

2. Kweli Sensible AnswerSmart Kiosk

WhatsApp-based service for preapproved retailers and prospects to purchase and promote on credit score

3. Mwanzo Credit score RestrictedMwanzo Credit Limited

Quick time period enterprise and enterprise coaching loans

4. MyWagepay RestrictedMywagepay

B2B worker wage advance supplier

5. Flash Credit score Africa (Giando Africa Restricted)FlashCredit Africa

B2C wage advance mortgage supplier

6. Sevi Innovation RestrictedSevi

Enabling retailers to promote merchandise on credit score

7. Rewot Ciro RestrictedREWOT CIRO LOGO

Alcoholic drinks restocking and ordering platform with credit score entry

8. Sokohela Restrictedsokohela

Loans for MSMEs within the city agricultural worth chain

Extra data couldn’t be discovered/confirmed on the remaining two licensees:

no logo available

9. Ceres Tech Restricted

no logo available

10. Getcash Capital Restricted

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