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,...

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...

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 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...

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 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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KCB-MPesa kicks off campaign to drive up mobile savings

KCB Bank Kenya has embarked on a financial literacy initiative to drive up savings in the country. The Weka Weka will also enable customers grow...

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