Who is Who in Kenya’s Fintech Space

In Startup, Success
An M-Pesa transaction underway

Since the advent of M-Pesa ten years ago, many have wondered whether Kenya has anything else to show. We have seen a great deal of investments and activities in innovation labs, has it been all hype or do they have viable business models to compete against the traditional landscape.

The rise of the Fintech empire has been fueled by an explosion of customer expectations, increased venture capital funding and low cost of entry.

Risktakers sought to find out the emerging players and here is a compilation of who has so far managed to distinguish themselves from the crowd and is pushing the boundaries.

Bitpesa– Formed in 2013, BitPesa is a universal payment and trading platform for Africa headquartered in Nairobi, with offices and staff in Lagos, London and San Francisco. It provides an online platform to convert digital currency such as bitcoin into local African currencies.

Cellulant Corporation A leading digital payments’ service provider that prompts, collects, settles and reconciles payments in real time

FarmDrive is a social enterprise that exists to bridge the huge funding gap between smallholder farmers and financial institutions through innovative ways of extending credit.

GrassRoots Bima is an InsurTech startup seeking to promote financial inclusion through the provision of innovative digitized affordable insurance services for the mass market.

Connect Africa Payments (CA Payments) won in the Payments and Transfers public award. As a B2B technology business, CA Payments work to connect and grow payment networks. Currently, main focus is on East Africa.

Bitsoko they integrate Blockchain technology into the current mobile money platform in Africa and service providers, allowing access of funds to be sent from the developed world through Bitcoin to be received as mobile money.

CayTree Financial – a cloud-based accounting tool that allows businesses to track their money.

RELATED: 10 Fintech Startups Chosen for Barclays Accelerator

Branch a mobile credit app that eliminates the challenges of getting a loan by using the data on your phone to create a credit score. We encrypt the data you choose to share with us to protect your privacy. We do not share your information with third parties.

3G Direct Pay Group is an online solution for e-commerce, providing merchant services to thousands of travel-related and other businesses, focusing on Kenya, Zambia, Tanzania, Uganda, Rwanda, Zanzibar, Malawi, Mozambique, South Africa, Namibia and Ethiopia, accepting all major credit cards, mobile money and e-wallets.

PesaLink an instant bank to bank money transfer that enables customers to send from as low as 10/= to as much as 999, 999/

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