The Central Bank of Kenya (CBK) recently licensed an additional 19 Digital Credit Providers (DCPs), bringing the total of licensed operators to in Kenya 51. More notably, the list includes Tala, Pezesha, M-Kopa, and Lipa Later.
Following the enforcement of the CBK Amendment Bill, 2021, digital lenders in the country are policied by the CBK and have to adhere to various regulations. These regulations include licensing and are in place in part to enhance consumer protection, provide for credit information sharing, and enforce anti-money laundering and counter-terrorism measures.
The regulatory body reports that it has received 480 applications since March 2022. It has been working with the applicants and other regulatory agencies including the Office of the Data Protection Commissioner in the review process.
“Other applicants are at different stages in the process, largely awaiting the submission of requisite documentation,” CBK shares in a notice.
The following are the digital lenders currently licensed by the CBK to operate in the country:
- Anjoy Credit Limited
- Asante FS East Africa Limited
- Ceres Tech Limited
- Colkos Enterprises Limited
- EDOMX Limited
- Extend Money Services Limited
- Fourth Generation Capital Limited
- Getcash Capital Limited
- Giando Africa Limited (Trading as Flash Credit Africa)
- Inventure Mobile Limited (Trading as Tala)
- Jijenge Credit Limited
- Jumo Kenya Limited
- Fortune Credit Limited
- Letshego Kenya Ltd
- Little Pesa Limited
- MFS Technologies Limited
- M-Kopa Loan Kenya Limited
- Mwanzo Credit Limited
- Mycredit Limited
- MyWagepay Limited
- Natal Tech Company Limited
- Ngao Credit Limited
- Okolea International Limited
- Pezesha Africa Limited
- Rewot Ciro Limited
- Risine Credit Limited
- Sevi Innovation Limited
- Sokohela Limited
- Tenakata Enterprises Limited
- Umoja Fanisi Limited
- Zanifu Limited
- Zenka Digital Limited
- Lipa Later Limited
- Lobelitee Credit Limited
- Kweli Smart Solutions Limited
- Maralal Ledger Limited
- Marble Capital Solutions Limited
- MKM Capital Limited
- Mycredit Limited
- Pi Capital Limited
- Zillions Credit Limited
- Decimal Capital Limited
- Dexintee Kenya Limited
- Factorhouse Limited
- Fezotech Kenya Limited
- Chime Capital Limited
- Colkos Enterpreises Limited
- Azura Credit Limited
- Autocheck Limited
- Chapeo Capital Limited
- Creditarea Capital Limited