back Back

5 Digital lending platforms to get instant loans from in Kenya

By Delisha Fernandes

June 14, 2023

  • African banks
  • Asante Financial Services Group
  • B2B Loans

lendingKenya has been at the forefront of offering digital lending services for more than a decade. The increasing number of lending platforms has enabled unbanked populations access to financial services and enhanced financial inclusion.

Lending FinTech companies provide individuals and small and medium-sized businesses (SMEs) with advanced lending options. According to Statista, as of 2021, Kenyan banks have extended loans worth approximately 3.3 trillion Kenyan Shillings (KSh), equivalent to around $27.8 trillion.

Additionally, emerging digital lending platforms have demonstrated their ability to grow their customer base by addressing specific needs and overcoming the challenges faced by micro, small, and medium enterprises (MSMEs) when seeking traditional credit options.

Here are 5 digital lending platforms to get instant loans from in Kenya:

Asante Financial Services Group

Asante Financial Services Group is a digital financial services firm dedicated to advancing financial independence and enhancing the well-being of underserved small businesses and individuals in Africa. The platform uses modern technology, strategic alliances, and the best talent to create financial solutions that serve customers’ everyday needs. The company has two main business lines: Ecosystem-Based Lending and a NeoBank.

Letshego Kenya

Letshego Kenya Limited, a financial lender, provides credit services to small and micro-entrepreneurs, salaried employees, and civil servants in Kenya. It began operations in 2000, providing credit services to small and micro-entrepreneurs, salaried employees, and civil servants and currently serves over 25,000 customers.

MyCredit Limited

MyCredit Limited is a non-bank financial services institution. The institution offers a variety of financial products, including loans, guarantees, leasing, and insurance. Their loan products include business loans, salary loans, and bid bonds. Their guarantee products include performance bonds and advanced payment guarantees.

Ngao Credit

Ngao Credit Limited is a non-deposit-taking microfinance institution founded to offer financial services to the underserved. It provides innovative and customised financial solutions that meet the customers’ needs in the shortest time possible and unlock possibilities for SMEs and business owners. The institution aims to partner, strengthen, and enhance the lives of SMEs and individuals to enable them to achieve their life goals.


Pezesha was founded in 2016 and is headquartered in Kenya. The company has built a holistic digital financial infrastructure that is on a mission to enabler platform and marketplace that connects small and medium-sized businesses to working capital through a collaborative approach where banks, MFIs and other financial institutions or networks can connect on the platform to be matched with quality SMEs driving meaningful financial inclusion and reducing any inequalities on access to formal financial services.

Also read: Global Lending Vendors & Landscape Report Q1 2024

Previous Article

June 13, 2023

Keytrade Bank selects Infosys Finacle for Core Banking Transformation

Read More
Next Article

June 14, 2023

E9pay and Currencycloud to enable South Korean merchants to transfer funds

Read More

IBSi Daily News Analysis


June 11, 2024

African banks

Payments industry urges delay of APP fraud rules amid leadership change at Payment Systems Regulator

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Yabx & SimpliFi team to expand access to card issuance in MENA

Read More


SaaScada renews partnership with NEXA for financial reporting

Read More


Forwardly unveils ‘Pay by Credit Card’ for Small Businesses in the USA

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023