10 Lenders Approved By Central Bank Of Kenya
In a recent development that has the Central Bank of Kenya (CBK) declare a cease of operations of digital lenders who are not registered with the CBK. Here are the only approved digital lenders the CBK approved of.
- Ceres Tech Limited
- Getcash Capital Limited
- Giando Africa Limited, trades as Flash Credit Africa
- Jijenge Credit Limited
- Kweli Smart Solutions Limited
- Mwanzo Credit Limited
- MyWagepay Limited
- Sevi Innovation Limited
- Rewot Civo Limited
- Sokohela Limited
According to the CBK, the institution has so far received about Two hundred and Eighty-eight.
The CBK has been working with the fintechs for the past six months as it reviewed the licencing process. It had begun to enforce other regulations even the Data Protection Commissioner.
According to the CBK, the above-listed digital lending institutions have been approved and licenced, the other institutions that have applied are now at different stages of the application review process.
More information on licencing and digital lending institutions is yet to come. A further update will be published soon.