World Financial Innovation Series

With over 354 fintech companies across numerous sectors, Kenya’s fintech landscape is a force to be reckoned with, which is also Africa’s largest and most established fintech ecosystems. The country left the whole region behind when in just the first 3 months of 2022 it garnered a record high VC funding of $482million. Spearheading as the most technologically advanced country in the continent, Kenya has earned the title of “Silicon Savannah” which also correlates to the fact that 94% Kenyans are mobile money users. Even the Central Bank of Kenya has joined the bandwagon and launched its “National Payments Strategy 2022 – 2025” to encourage innovations in the payments system. It’s no surprise that MNCs in the fintech space are making huge investments in the country, thereby boosting foreign direct investment as well.