Mobile Loans
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BUSINESS
Faulu Bank Increases Mobile Loan Limit to Ksh. 100,000 to Meet Rising Credit Demand
As Kenyan households continue to navigate persistent inflationary pressures and irregular cash flows, digital credit has emerged as a critical…
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News
Kenya and Nigeria Confront Digital Lending Risks with Contrasting Rules
Digital lending has exploded across Africa, offering instant credit through mobile phones to households, students, and small businesses. But the…
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News
How Skyrocketing Smartphone Prices in Kenya Are Fueling a Device Financing Revolution
Smartphones have become a necessity in Kenya, but owning one has rarely been harder. Prices have climbed so steeply in…
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News
Tala loan disbursement hit Sh240 billion in eight years
Tala, one of Kenya’s most popular digital credit providers has revealed that it disbursed 3.5 million loans worth Sh240 billion…
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News
Ugandan Digital Lender Numida Has Raised $12.3 Million in Pre-Series A Round
Ugandan fintech startup Numida has been in operation since 2017. The company has found its footing, offering customers loans ranging…
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BUSINESS
Tala Named Among 50 Disruptor Companies of 2022 by CNBC
Popular mobile loan company Tala has been named on the list of Disruptor Companies of 2022 by business-focused media house…
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News
Telkom Kenya Joins the Mobile Lending Frenzy With T-Kash Loan
Mobile service operator Telkom Kenya is gearing to launch a mobile loan service to take a slice of the fast-growing…
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News
Digital lenders in Kenya are still abusing data protection laws
Digital lenders continued to harass defaulters and violate their consumer data rights. This is according to Ajua’s Quarter 1 2021…
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News
CredoLab, Singapore-based credit scoring startup is expanding to Sub-Saharan Africa
Singapore-based fintech startup CredoLab is expanding its operations to Sub-Saharan Africa. The firm is expanding into the region’s fintech market…
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News
Microlending app OKash introduces face recognition system for its borrowers
Microlending app OKash has introduced a built-in face recognition system to secure loans for its customers. The system, according to…
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BUSINESS
CBA Loop Upgraded to offer loans of upto Kes.3 Million
Kenya’s largest privately owned bank Commercial Bank of Africa (CBA) has upgraded its CBA Loop app to offer highest mobile…
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