CBK Kenya has released a list of 19 additional digital credit providers in 2024 bringing the number to 51. Since March 2022 CBK has received 480 applications from companies interested to become digital lenders in Kenya.

Digital Credit Lenders in Kenya are also commonly known as mobile loan apps. They provide unsecured online loans to Kenyans via Mpesa or Airtel Money.

Most mobile loans have an average repayment period of one month. If you default on repaying your loan, they submit your name to credit reference bureaus for listing as a defaulter. The CRB list is commonly used in Kenya by financial institutions to determine whether you qualify for a loan.

List of Licensed Digital Credit Lenders in 2024

Below is a list of licensed digital credit lenders in Kenya

1. Anjoy Credit Limited
2. Asante FS East Africa Limited
3. Autochek Limited
4. Azura Credit Limited
5. Ceres Tech Limited
6. Chapeo Capital Limited
7. Chime Capital Limited
8. Colkos Enterprises Limited
9. Creditarea Capital Limited
10. Decimal Capital Limited
11. Dexintec Kenya Limited
12. EDOMX Limited
13. Extend Money Services Limited
14. Factorhouse Limited
15. Fezotech Kenya Limited
16. Fortune Credit Limited
17. Fourth Generation Capital Limited
18. Getcash Capital Limited
19. Giando Africa Limited (Trading as Flash Credit Africa)
20. Inventure Mobile Limited (Trading as Tala)
21. Jijenge Credit Limited
22. Jumo Kenya Limited
23. Kweli Smart Solutions Limited
24. Letshego Kenya Ltd
25. Lipa Later Limited
26. Little Pesa Limited
27. Lobelitec Credit Limited
28. Maralal Ledger Limited
29. Marble Capital Solutions Limited
30. MKM Capital Limited
31. MFS Technologies Limited
32. M-Kopa Loan Kenya Limited
33. Mwanzo Credit Limited
34. Mycredit Limited
35. MyWagepay Limited
36. Natal Tech Limited
37. Ngao Credit Limited
38. Okolea International Limited
39. Pezesha Africa Limited
40. Pi Capital Limited
41. Rewot Ciro Limited
42. Risine Credit Limited
43. Senti Capital Limited
44. Sevi Innovation Limited
45. Sokohela Limited
46. Tenakata Enterprises Limited
47. UbaPesa Limited
48. Umoja Fanisi Limited
49. Zanifu Limited
50. Zenka Digital Limited
51. Zillions Credit Limited

All the companies listed above are limited.

The review process considered consumer data protection, debt collection process, and company management. The pending applicants have been asked to submit their required documents for review and approval.

Source: Central Bank of Kenya Directory of Digital Credit Provided that was published on March 6, 2024