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...

KCB-MPESA 2.0 pushes digital loans from Sh23b to Sh98b in Q3

KCB Group Plc has posted a profit after tax of Sh19.2 billion for the nine months ending September 2019, 6 percent higher compared to...

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...

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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...

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