List of Licensed Digital Lenders in Kenya May 2024
Here is a list of licensed
Source: techweez.com
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Fake loan apps have in the recent past flooded the Kenyan market. The Digital Financial Services Association of Kenya asked borrowers to be wary of such apps.
As of March 2023, only 32 Loan Apps have received license from the Central Bank. Google has gone ahead to delete unlicensed apps.
The Central Bank of Kenya (CBK) has licensed 10 more digital lenders bringing the number to 32 in a fresh round of approvals.
The latest batch now brings to 32 the number of digital lenders currently in operation in Kenya.