Many Kenyans have resorted to borrowing due to the tough economic times. Money lenders have grabbed this opportunity to invent new mobile and easy ways of lending personal finances to the needy Kenyans without visiting banks.
Many institutions, some financial, have introduced mobile loan apps available for downloads on Google play store, for Kenyans to download, install on their smartphones, request for quick loans and obviously pay with interest.
Even though the Central Bank of Kenya (CBK) warned that many of the lenders are not regulated by CBK, Kenyans have continued to use the apps.
CBK Governor Patrick Njoroge, raised a red alarm, saying the loan apps access personal data of users, charge unregulated interests, thus posing great risk to Kenyans.
Some of the major app lenders and their mother companies in Kenya include:
1. Tala Kenya
Tala Mobile
2. OPesa
TK Limited
3. Branch
Branch International
4. OKash
OneSpot Technology Investment Limited
5. Zenka Loan App
Zenka Finance
6. KCB
KCB Bank Group
7. Chipper Cash
Critical Ideas, Inc.
8. PesaChap
Firch international company limited9
9. MCOOPCASH
Co-operative Bank of Kenya Ltd
10. SC Mobile Kenya
Standard Chartered Bank PLC
11. Eazzy Banking
Finserve Africa
12. PesaZone Loans
PesaPro Limited
13. Fadhili
Fadhili Mobile
14. Timiza
Barclays Bank of Kenya
15. CBA Loop
Commercial Bank of Africa (CBA).
16. Utunzi
Utunzi Loans
17. Stawika
Stawika Capital Limited
18. Saida
Greenshoe Capital INC
19. Afrikaloan Kenya
Afrikaloan Kenya
20. Senti
Roamtech
21. Kenya Quick Loan Shop
Content Creators Centre
22. Usawa
Powered by Usawa
23. Shika Tala
MuscleCoders
24. Okolea
Okolea International
25. Tumiwa Loan
Bororenn
26. Kua Loans
App admin
27. Haraka Mobile Loans
GetBucks Pty (Ltd)
28. G-sort
G-sort Mobile
29. Ezap
Ezap Mobile
30. Pesa Plus
Totem-tech
32. KopaKash
KopaKash Developer
33. Talla Kopo Rahisi
AmazeLabs
32. umba (formerly Mkopo Kaka)
Beatha Technology
33. Berry
Finberry Capital Limited
34. Eazzy Loans
Fountain Apps
34. Kava
Kava
35. Nguzo
App admin
36. Aspira
Aspira
37. Inuka Mobile Cash
TechnuLabs Inc.
38. ExpertOption
ExpertOption
39. Loans Chap Chap
iTech Developers
40. Stawi
CBA
41. Nellydollar
App admin
42. PesaPap
Family Bank
43. UbaPesa
UbaPesa Limited
44. Craft
App admin
45. Kano
Kano ventures
46. PayPal Mobile Cash
PayPal Mobile
47. Co-operative Bank Merchant
Co-Operative Bank of Kenya
48. Zidisha
Zidisha Inc
49. HF Whizz
HF Group
50. mKey Loan App
Finserve Africa
