The Central Bank of Kenya (CBK) has approved 42 more digital credit providers (DCPs), bringing the total number of licensed players in the space to 195.
Experts say digital lenders generally provide education loans, development loans, short-term personal loans, asset-financing, and business loans. As of November 2025, licensed DCPs had granted 6.6 million loans valued at Sh109.8 billion, according to the CBK.
As DCPs continue to carry out their lending activities digitally, including through USSD codes, it is still unclear how the latest review will affect borrowers.
“The focus of engagements with DCPs has been on business models, consumer protection, and fitness and propriety of proposed shareholders, directors, and management. This ensures adherence to relevant laws and safeguards customer interests. We acknowledge the efforts of the applicants and the support of other regulators and agencies in this process,” the regulator said.
A review done in September 2025 saw licensing of 27 players. CBK stated on Tuesday, December 30, that it has received more than 800 applications since March 2022 and has worked closely with applicants in reviewing them.
“Other applicants are at different stages in the process, largely awaiting submission of requisite documentation. We urge these applicants to submit pending documentation quickly to enable completion of their application reviews,” said CBK.
The central bank’s licensing and oversight of DCPs responds to public concerns about predatory practices by unregulated lenders, including high costs, unethical debt collection, and abuse of personal information.
Newly licensed digital lenders:
- Acquire Credit Limited
- Adjacent Possible Finance Limited
- Aleza Limited
- ASA International Kenya Limited
- Auxiliary Credit Ltd
- BCF Kenya Limited
- Bidii Credit Limited
- Bingwa Micro Capital Limited
- Blesmark Credit Limited
- Boostline Capital Limited
- Cashmart Capital Limited
- Dotcash Credit Limited
- Edenbridge Capital Ltd
- Fincredit Limited
- Geoland Credit Limited
- Guava Capital Limited
- Jackfruit Associates Limited
- Jafari Credit Limited
- Jambofin Credit Limited
- Juhudi Kilimo Company Limited
- Keep Vision and Growth Credit Limited
- Liberty Afrika Technologies Ltd
- Lucason Capital Limited
- Maison Capital Limited
- Malicash Investment Limited
- Mimi Credit Limited
- MKash Solutions Limited
- Onwards Swift Company Limited
- Pato Capital Limited
- Peshee Capital Limited
- Real People Kenya Limited
- Rosatap Credit Limited
- Seanala Credit Limited
- Select Management Services Limited
- Snowflex Capital Limited
- Tazu Credit Limited
- Transsnet Credit Limited
- TrustGro SCA Limited
- Vision Edge Credit Partners Limited
- Wakanda Credit Limited
- Westlip Credit Limited
- Ziki Credit Limited
