best fintech companies in Kenya
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In truth, there are too many fintech companies in Kenya to fit in a single blog post. A financial technology (fintech) company is any entity that uses the internet, cloud services, mobile devices, or software technology to connect with financial services or use them.

With the growth of innovation, Kenya has seen a rapid emergence of fintech companies that are making a big wave in the technology scene.

At its core, fintech companies exist in four areas that relate to financial technology. These include digital lending, payments, blockchain, and digital wealth management, from which the rest of the tech startups sprung. 

As these tech companies occur in different sectors of the economy and each has elements of financial management, they have birthed the development of numerous pseudo-financial technology companies, ostensibly companies that are not exactly fintech companies but are using technology to revitalize and innovate in their fields. Such include agritech (agtech), Medtech, Martech, and more.

Regardless of whether a startup is a pure or pseudo-fintech, they’re all of particular interest due to their rapid pace of growth, technological disruption in their sectors, and the inherent regulatory and other risks due to the businesses advancing faster than most other elements in their respective environments.

Top fintech companies in Kenya

The following are the top-ranked financial technology companies in Kenya. The list includes a mixture of seasoned multimillion companies and startups, each building technological products and enhancing innovations that are transforming life in Kenya.

The companies include;

1. Turaco

Turaco develops simplified insurance and credit solutions through mobile technology to solve healthcare financing needs. Based out of Westlands, Nairobi Area, Kenya

2. DirectPay Online Group

An online payments processing company based out of Nairobi, Nairobi Area, Kenya‍

3. Pezesha

Pezesha is a leading Africa-focused digital financial marketplace. Based out of Nairobi, Nairobi Area, Kenya

4. Digiduka

Digiduka provides digital financial services and social commerce solutions to informal retailers in Africa, which is based out of Nairobi, Nairobi Area, Kenya

5. Tulaa

Mobile commerce solution for smallholder farmers in Africa Based out of Nairobi, Nairobi Area, Kenya‍

6. Cherehani Africa

Cherehani leverages technology to provide credit bundled with market information and financial education to women micro-entrepreneurs. Based out of Nairobi, Nairobi Area, Kenya

7. Mobile Decisioning

Mobile Decisioning is a technology company providing mobile value-added services to mobile network operators in emerging nations. Based out of Nairobi, Nairobi Area, Kenya‍

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8. PesaKit

PesaKit is an Artificial Intelligence (AI) powered virtual assistant for mobile money agents. Based out of Nairobi, Nairobi Area, Kenya

9. Saada

Saada helps businesses automate sales and process payments via messaging platforms and USSD. Based out of Nairobi, Nairobi Area, Kenya

10. Alternative Circle

It has the stamina to succeed in this competitive market, and we look forward to winning new markets with them. Based out of Nairobi, Nairobi Area, Kenya

11. The Kueq Limited

Africa’s; Virtual Bank, Neo Bank, Digital Bank, Mobile Bank, Challenger Bank. Based out of Nairobi, Nairobi Area, Kenya

12. WayaWaya

One Account combining your bank, mobile wallet, savings & payments services through Apps, Social platforms, and APIs Based out of Nairobi, Nairobi Area, Kenya

13. Kiba

Kiba is the fastest way for Fintechs to connect to African banks and quickly build smart, personalized financial services. Based out of Nairobi, Nairobi Area, Kenya

14. Shield

Easing short-term, urgent cash flow needs. Based out of Nairobi, Nairobi Area, Kenya

15. BlockchainCybertech Limited

Develops smart blockchain solutions for Supply chain and Financial services Based out of Nairobi, Nairobi Area, Kenya

16. Orion ImageCapital Communication

Orion ImageCapital Communication provides solutions financial & technology solutions across Africa. Based out of Nairobi, Nairobi Area, Kenya

17. Afrigroups

A single platform for Founders, Co-founders, Investors, Entrepreneurs, and Tech Developers coming together to develop businesses Based out of Westlands, Nairobi Area, Kenya

18. Umba 

Utilizing AI to bring Financial Inclusion to Emerging Markets Based out of Nairobi, Nairobi Area, Kenya

19. Zanifu

Zanifu operates as a lending platform for small and medium-sized enterprises. Based out of Nairobi, Nairobi Area, Kenya

20. Superfluid Labs

Superfluid Labs delivers Africa’s Consumer Credit Risk Analytics platform using AI technologies and alternative data sets. Based out of Nairobi, Nairobi Area, Kenya‍

21. Tanda

Tanda is a fintech startup working to revolutionize access to essential digital financial services for African micro-retailers. Based out of Nairobi, Nairobi Area, Kenya

22. Abacus

Abacus helps investors make and execute decisions in African capital markets. Based out of Nairobi, Nairobi Area, Kenya

‍23. Ifarm360

Ifarm360 is a digital crowd farming platform that links smallholder farmers in Africa with crowd investors worldwide. Based out of Westlands, Nairobi Area, Kenya

‍24. Paytree

Paytree is a full-stack payments platform that enables businesses to accept mobile, bank, and card payments in-app or on their websites. Based out of Nairobi, Nairobi Area, Kenya

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‍25. Eastpesa

Eastpesa is an online company that offers Instant Cross border payments in Africa. Based out of Nairobi, Nairobi Area, Kenya

‍26. Professional Digital Systems Limited

Our core business is to provide solutions in I.C.T. & Fintech (hardware and software), installations, maintenance, and services. Based out of Nairobi, Nairobi Area, Kenya

‍27. Chamasoft

Micro savings and micro-investments record management system Based out of Nairobi, Nairobi Area, Kenya

‍28. ChamaPesa

ChamaPesa helps chamas get a better investment return by providing information and access to investment options. Based out of Nairobi, Nairobi Area, Kenya

‍29. Moripesh

Integrated Mobile Technologies, Centralized Digital Currencies Fair Trade, Asset Management, Internet Distribution. Africa Centered Based out of Nairobi, Nairobi Area, Kenya

‍30. OCharge

Airtime recharge & mobile payments app with benefits. Based out of Nairobi, Nairobi Area, Kenya

‍31. Ryanada

Big Data Company on Mission to Empower People via Technology. Ryanada leverages Cloud Computing, IoT, and AI Technologies to empower SMEs. Based out of Juja, Central, Kenya

‍32. AfriKash

FinTech, SaaS, Based out of Nairobi, Nairobi Area, Kenya

‍33. Afya Plan

Afya Plan is a health wallet for members in savings groups to save affordably, pool resources, and be able to afford healthcare. Based out of Westlands, Nairobi Area, Kenya

‍34. myNGOVO

myNGOVO is a fintech platform in Kenya that allows employers to give salary advances as a benefit to their employees. Based out of Nairobi, Nairobi Area, Kenya

best fintech companies in Kenya

‍36. ImpalaCoin

Digital Currency Kenya Based out of Nairobi, Nairobi Area, Kenya

‍37. Once Sync Limited

Once Sync is a tech startup based in Kenya. We focus on Blockchain Technology in two verticals: Financial services & AgriTech. Based out of Nairobi, Nairobi Area, Kenya

‍38. PesaGuide

Finance, Fintech, Platform Based out of Nairobi, Nairobi Area, Kenya

‍39. Zoa Tech Limited

Fintech company in the business of developing technology-based solutions that impact how customers interact with money. Based out of Nairobi, Nairobi Area, Kenya

‍40. Paysap

M-Pesa Payments Automation, Financial Systems Based out of Nairobi, Nairobi Area, Kenya

‍41. Valuraha

The Valuraha Trader is a virtual trading platform that simulates the Nairobi Securities Exchange & the larger financial ecosystem. Based out of Nairobi, Nairobi Area, Kenya

‍42. RePay Africa

RePay platform serves as an electronic alternative to Cash, Cheques & Banks. Payment platform that supports Merchants & Agent Withdrawal. Based out of Westlands, Nairobi Area, Kenya

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‍43. Regalia International

Mr. Banks, an online platform developed for Kenya, enables users to upload their banking needs and get related offers directly from banks. Based out of Nairobi, Nairobi Area, Kenya

‍44. Quoxient

Quoxient is a fintech company in Kenya. It delivers technology solutions to support SMEs in Financial Services. Based out of Nairobi, Nairobi Area, Kenya.

45. Sokohela

Short-term working capital, fresh food produce, and financial literacy provider for MSEs in the urban agricultural value chain. Based out of Nairobi, Nairobi Area, Kenya.

46. PesaBot

We help companies enhance their customer support through instant messaging powered by AI and make it easy for them to collect payments. Based out of Nairobi, Nairobi Area, Kenya

47. Alliance Premium Services Limited

Fintech Company Based out of Nairobi, Nairobi Area, Kenya

48. ZipWallet

payment service provider Based out of Nairobi, Nairobi Area, Kenya

49. Kanjwa

Kanjwa is an online platform that talks about finance and money in Kenya. Based out of Nairobi, Nairobi Area, Kenya

50. Zege Technologies

A software development firm that builds financial solutions for daily living with mobile, web, and money interaction. Based out of Nairobi, Nairobi Area, Kenya

51. Amica Savings & Credit Cooperative Society

Amica seeks to revolutionize access to finance via credit and related payment systems for agro-processing, retail, and FMCG. Based out of Murang’a, Central Kenya

52. Chase Iman

Chase Iman combines traditional Islamic values with technology and innovation to provide Islamic finance and banking products. Based out of Nairobi, Nairobi Area, Kenya

53. Savekubwa

Savekubwa is a web aggregator that gets users insurance policy options and comparisons for effective pricing. Based out of Nairobi, Nairobi Area, Kenya

54. Lipa Card

Enabling Financial services to teenagers and high school students. Based out of Nairobi, Nairobi Area, Kenya

55. Zenka

Zenka is a fintech company that offers a non-banking mobile loan platform that provides financial services to its users. Based out of Nairobi, Nairobi Area, Kenya

56. CoinBox

CoinBox offers an innovative solution to help people to save the desired amount required to go on a dream holiday and getaways. Based out of Nairobi, Nairobi Area, Kenya

About the author

Staff news writer for The Venture Brat

VB Reporter

Staff news writer for The Venture Brat