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...

The cheapest way to check your CRB report even without data...

  Since the emergence of mobile loan apps that have made borrowing easier and faster, the initials CRB have become a household name. The Credit...

5 banks launch mobile loan product for SMEs

Five commercial banks have teamed up to unveil a mobile loan product for micro, small and medium enterprises. Stawi, which has been endorsed by the...

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Middle aged men are the majority of mobile borrowers in Kenya...

Men between the age of 31 and 40 years are the highest category of mobile borrowers according to data released by a CreditInfo Middle-aged men...

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