Category: Digital Credit Provider
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Kenya Finance Act 2025: Implications for Startups and Fintech Companies in Kenya
By Precious Simiyu The Finance Act, 2025, enacted in June 2025, introduces sweeping changes that significantly affect Kenya’s digital economy. Startups, fintech companies, and virtual asset service providers will be impacted by new tax incentives, expanded excise duties, and stricter compliance timelines. In this article, we break down the key…
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New Licensing Rules for Lending Companies: What the 2024 Business Laws Mean for Your Fintech
The Business Laws (Amendment) Act, 2024 (No. 20 of 2024), effective from 27 December 2024, significantly changes Kenya’s legal and regulatory landscape, especially for lending companies. Whether operating a fintech platform, launching a credit solution, or innovating in the special economic zones, these amendments will affect your compliance obligations, corporate…
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How to get a Buy Now Pay Later (BNPL) licence in Kenya
By Meshack Masibo The Buy Now Pay Later (BNPL) financing model has rapidly gained popularity in Kenya, allowing consumers to purchase items and pay in instalments, either interest-free or with interest. Previously, BNPL providers in Kenya operated without specific regulatory oversight and did not require a licence. However, the Business…
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Why Buy Now Pay Later (BNPL) Companies now need a Licence
By Meshack Masibo Buy Now Pay Later (BNPL) refers to a short-term type of financing that allows consumers to make purchases and pay for them over time, it also sometimes includes some form of direct asset financing (loan) option. In Kenya, some examples of these models include M-kopa, Lipa Later,…
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What is a Digital Credit Provider in Kenya?
By Meshack Masibo and Maxyn Chepkorir A digital credit provider refers to any entity that offers credit services primarily through digital channels such as mobile phones or online platforms. These include companies that use USSD lending options and those linked to the SIM toolkit, like MShwari and KCB Mpesa. However,…
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How to get a Digital Credit Provider (DCP) Licence in Kenya
Since the introduction of Mpesa in Kenya in 2007, Kenyans have been at the forefront of developing ground-breaking innovations to boost financial inclusion and economic growth. One such area of innovation is in the growth of digital lending platforms in Kenya such as M-Shwari, KCB Mpesa and Tala. These platforms…
![[Video] How to get a Digital Lending Licence in Kenya](https://masibolaw.co.ke/wp-content/uploads/2023/07/licebcw.jpg?w=1024)
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