Mobile lending app for SMEs registers 80,000 users in 5 months

The Kenya Bankers Association-CBK backed mobile loan app has signed up 80,000 SME's since it piloted in May this year. The Stawi app was officially...

Tala stops lending in Tanzania to review operations

Mobile lender Tala has clarified that it is not exiting the Tanzanian market but has temporarily stopped lending. In a statement, Tala said it is...

UIP launches mobile loan app targeting youth looking to invest in...

Unique Investors Property (UIP) has unveiled a mobile app that provides loan facilities to individuals interested in real estate, within two hours of applying. The...

Tala raises Sh11.3 billion funding for geographical and personnel expansion

Digital lending app, Tala, has raised $110m (Sh11.3 billion) in Series D funding. The round was led by RPS Ventures, with participation from GGV Capital...

Customers borrow Sh81 billion in 6 months through Fuliza overdraft facility

Safaricom disbursed Sh81 billion in M-Pesa overdraft loans in six months on its M-Pesa’s overdraft facility Fuliza in the six months to June 2019,...

Branch raises Sh500m for expansion and new products

Digital financial service provider Branch International has issued its fourth commercial paper of Sh500 million. According to the company, the investment will be used to...

Tala appoints Ivan Mbowa to lead Kenya business

Tala has announced the appointment of Ivan Mbowa to lead its Kenya business effective 1st June 2019. Mbowa is an innovative and courageous professional with over...

Tala marks 5 years in Kenya with over 90pc repayment rate...

Consumer lending app Tala has disbursed loans to over 2.5 million customers globally. This was revealed during the celebrations to mark the company’s five-year...

12 firms sign code of conduct under newly formed Digital Lenders...

Twelve digital lenders in the country have announced the launch of the Digital Lenders Association of Kenya (DLAK) to promote industry best practice and...

93 percent of mobile loans in Kenya are issued by banks:...

Nine out of 10 loans disbursed on mobile loans are disbursed by commercial banks. This is according to a survey by Creditinfo which reveals...

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Tala Launches Sh605m Rebuild Fund to help Kenyans cope with COVID-19...

Tala has announced the launch of the Sh605 Million COVID-19 Rebuild Fund to bolster Kenyan businesses and communities. The Fund, which Tala plans to grow...

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