List of Fintech Companies in Kenya 2023


List of Fintech Companies in Kenya 2023

List of Fintech Companies in Kenya 2023


FinTech is the short form of (financial technology). How much do you know about the fintech companies in Kenya? Read through and get a revelation of the Kenyan fintech industry.

Broadly speaking, fintech is anywhere technology is applied in financial services or used to help companies manage the financial aspects of their business, including new software and applications, processes and business models.

Kenya is among the top 3 African countries which are innovators in the financial sector followed by South Africa and Nigeria.

Apart from M-Pesa which is the most popular fintech service in the region, the increasing numbers of small businesses has motivated companies to develop electronic payment methods and financial planning tools.

The technology allows thousands of businesses in Kenya, Uganda, and Tanzania to view their transaction history and to issue receipts. Most Fintech innovations allow for payment of low-value card transactions with ease, speed, and convenience.

Popular Fintech companies in Kenya

Kenya is the most attractive market in Africa for workers in the fintech industry. New data shows that companies in Kenya pay the highest salaries in comparison to other countries. below is a list of some of the popular fintech companies in Kenya

  1. 3G Direct Pay Group

This is a company that offers e-commerce solutions by providing merchant services to businesses in Kenya, Zambia, Tanzania, Uganda, Rwanda, Zanzibar, Malawi, Mozambique, South Africa, Namibia and Ethiopia. It accepts all major credit cards, mobile money and e-wallets.

2. Abacus

Abacus is a web building and mobile software developer that helps investors across the globe access African financial markets. The company makes it possible for both local and international investors to research and invest, anytime, anywhere.

3. BambaPos

This is a low-cost, easy-to-implement point-of-sale and inventory management solution that is designed to solve most merchant automation challenges.

4. Bitsoko

Bitsoko is an Android blockchain-based mobile wallet.

5. Branch International

Branch is a new way to access credit over a smartphone in Kenya. Customers need to fill out an application for an affordable loan that is delivered directly to their mobile money account. It offers personalized, responsive customer support that meets the needs. It is one of the many mobile money lending apps in Kenya.

6. Chura

Chura is an airtime service provider: Buy airtime service enables buying of airtime across networks, and Mass airtime service enables companies to supply airtime to their employees at a click of a button.

7. ConnectAfrica

ConnectAfrica is a B2B technology solution connecting various payment networks together. Members of the hub are able to facilitate cross-network transfers. Targeted members are e-wallet providers, banks, payments service providers and many more.

8. Eclectics International

Eclectics International offers tailor-made software for the banking and financial sector. The company conducts complex systems audits and evaluations for purposes of recommending their effectiveness and deployment.

Eclectics has implemented ICT systems in over 20 countries and with ongoing projects in Botswana, Zambia, Ethiopia, Southern Sudan, Cameroon, Gambia, Ghana, Malawi, Rwanda, Burundi, Tanzania, Uganda and Kenya.

9. iNuka Pap

iNuka Pap is a VAS proposition to SACCO members that enables them to access small amounts of cash advances. It also as well other consumer services such as prepaid electricity, airtime, and insurance. iNuka Pap takes convenience to a new level and promises to address customer’s small cash emergencies anywhere and anytime.

10. JamboPay

JamboPay is an online payment gateway that allows users to make and receive payments through mobile phone over the internet.

Through JamboPay, shoppers can pay for goods and services online while sellers can receive payments for purchases made online.

JamboPay allows for mobile payments such as M-Pesa, Airtel Money, and YU-CASH, bank payments, Visa and MasterCard debit and credit cards.

11. LelapaFund

This is a niche crowd investment platform dedicated to African companies. The platform provides individual investors around the world with access to previously untapped investment opportunities on the African continent. Investors can buy shares online in pre-vetted startups and small businesses whose products and services are sold on high-growth consumer markets across Africa.

12. Lipisha

Lipisha offers mobile payment solutions with features, including enhanced security, integrated payment networks, payment alerts, and more.

13. M-Changa

M-Changa is a fundraiser management platform that provides cutting edge end-to-end management tools to enhance fundraising success.

14. Packline Systems

Packline Systems offers financial-based software services to leading financial institutions around, focusing on the provision of affordable state of the art IT solutions for African Financial Market. This company has been a leading and support Company and Trainer for over a decade.

15. PesaPal

This is an internet payment company with operations in Kenya, Uganda, Tanzania and Malawi. PesaPal solutions allow users to shop online, pay bills and even buy airtime through a partnership with Orange Kenya.

16. Remit

Remit is a mobile payments service that allows people to make real-time money transfers from debit or credit card to mobile-money from all over the world to registered mobile money users in Uganda, Kenya and Rwanda.

17. Umati Capital

This is a non-bank financial institution focused on the provision of credit and related payment technologies.

Simon Mwangi
Simon Mwangi is a finance expert and talented freelance writer with a background in banking and accounting. He simplifies complex financial concepts and produces top-quality content on various topics. Follow him on Linkedin to stay up-to-date on his work and connect with him.

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