Over the past 10 years mobile-based lending has grown in Kenya. Some estimates put the number of mobile lending platforms at 49. The industry is largely unregulated but includes major financial players. Banks such as Kenya Commercial Bank, Commercial Bank of Africa, Equity Bank and Coop Bank offer instant mobile loans. These lending services haveContinue Reading

Kenyan fintech startup BitPesa has rebranded as AZA Group, and announced it has secured a US$15 million debt funding round from the Development Bank of Southern Africa (DBSA) to expand further in emerging markets. BitPesa, which raised two funding rounds in 2017 and another last year to take its total secured investment to around the US$15Continue Reading