CBK Licenses 27 New Digital Credit Providers
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The Central Bank of Kenya (CBK) has announced the licensing of 27 new digital credit providers (DCPs), bringing the number of licensed DCPs in Kenya to 153. The approvals were granted under Section 59(2) of the CBK Act, following the review of applications that began in March 2022.
According to CBK, more than 700 applications have been received from firms seeking to operate as digital lenders. The review process has focused on business models, consumer protection measures, and the fitness and propriety of proposed shareholders, directors, and senior management.
The regulator noted that the licensing framework is designed to ensure compliance with the law and safeguard customer interests.
The newly approved lenders expand the pool of digital loan providers that offer products such as education loans, development loans, short-term personal loans, asset financing, and business loans.
As of June 2025, licensed DCPs in Kenya had issued 5.5 million loans valued at KSh76.8 billion, largely through mobile and USSD-based platforms.
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The list of the newly licensed DCPs includes Abito Limited, Ajax Credit Kenya Limited, Aspire Lending Ltd, Bossrich Credit Limited, and Brisk Credit Limited. They are joined by Easy Asset Management Limited, Easyways Credit Limited, Elevate Credit Limited, Finseil Limited, and Futureinno Digital Tech Limited.
Others are Hanis Capital Limited, Lasiri Capital Limited, Leaf Credit Limited, Little Limited trading as SpotIt, and Mayflower Capital Limited. The approvals also include Mednow Capital Limited, Moto Hope Capital Limited, Mwananchi Credit Ltd, and Mular Credit Limited.
In addition, Musoni Capital Limited, Otas Credit Limited, Platinum Credit Limited, Pembeni Cash Ltd, and Reazilla DCP Limited have been cleared. They join Suffice Ltd, Unidirect Ltd, and Zaidi Pato Limited to complete the group of 27.
Other applicants are still undergoing review, with many pending submission of required documentation. CBK has urged them to finalize the process promptly to facilitate timely decisions.
Members of the public have been encouraged to report unlicensed digital lenders to deps@centralbank.go.ke.
Jefferson Wachira is a writer at Africa Digest News, specializing in banking and finance trends, and their impact on African economies.
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