Best Banking Tech Companies in Kenya
The 42 best Banking Tech companies in Kenya in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Apollo Agriculture.
- IDC
Our analysis of 50 Banking Tech companies
$7.7b in tracked funding; 98% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Banking Tech companies in Kenya
| # | Company | Disclosed funding | Last round | Stage | Founded | Founder | Employees | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Cladfy Software for bank statement analysis | — | — | Funding Raised | 2019 | Kibe John Co-Founder | 5 | — |
| 2 | Covered Agency providing medical insurance plans for individuals, families, and groups | — | — | Unfunded | 2015 | Mohamed Omar Founder | — | — |
| 3 | Finlo Platform providing financial services to agribusinesses | — | — | Deadpooled | 2019 | Sandra Locoh-Donou Founder & Managing Director | — | — |
| 4 | Fintech Group Software solutions and services for the banking industry | — | — | Unfunded | 1993 | Frank Kopiyo CEO | 150 | 1 partnership |
| 5 | KeniCoin Blockchain-based banking platform | — | — | Deadpooled | 2018 | Haron Wiseman Founder | — | — |
| 6 | Kenya Women Microfinance Bank Women micro-finance bank | — | — | Funding Raised | 2008 | Mwangi Githaiga CEO & MD | 2,067 | — |
| 7 | Malakoff Analytics Consulting Provider of end-to-end banking solutions | — | — | Funding Raised | 2019 | John Juma Co-Founder | — | — |
| 8 | Mayfair CIB Bank Provider of online banking platform for personal and business banking | — | — | Acquired | 2017 | Joram Kiarie CEO | — | — |
Top 12 Banking Tech companies in Kenya
#1
Series B · Nairobi, Nairobi County · founded 2016 · 570 employees$67.8Mraised▾
Providing financing, inputs, training, and insurance to empower small-scale farmers. This is a technology company focused on revolutionizing farming and fostering sustainable livelihoods. It offers farmers comprehensive support, from seed to sale, including financing solutions and access to quality farming inputs. The company utilizes machine learning credit models to provide instant credit decisions, enabling farmers to purchase essential products through a digital store network. It partners with agrodealers to ensure proximity to farmers and provides agricultural training and insurance to protect investments. The goal is to transform subsistence farming into commercial farming, empowering farmers to scale successful agribusinesses and ensure food security. This is achieved through innovative solutions, redefining investment opportunities and driving positive social impact within the agricultural sector.
- May 2026Series B$2.5M
- Apr 2024Grant (prize money)—
- Nov 2023Series B$10M
- Feb 2022Series B$40M
#2
Series C · Nairobi, Nairobi County · founded 2019 · 29 employees$15.3Mraised▾
Provider of credit scoring passports and financial services for underserved markets. It develops and provides credit scoring passports and related financial technology solutions, primarily for microfinance institutions and small-to-medium-sized financial institutions in developing countries. This includes a credit-as-a-service API enabling cross-border credit passport usage. The company utilizes innovative technology to streamline processes, such as automated repayment recording, resulting in significantly reduced operational costs and lower interest rates. It also offers car financing services leveraging its credit scoring system. The aim is to expand access to fair and efficient financial services for individuals lacking traditional credit histories.
- Aug 2025Conventional Debt$680.4K
- Apr 2025Series C$5.1M
- Feb 2025Series B$12.7M
- Dec 2023Series B$2.2M
#3
Acquired · Nairobi, Nairobi County · founded 2011 · 99 employees$17.8Mraised▾
Provider of digital banking solutions for individuals. It offers multiple services including savings accounts, money transfers, cash withdrawals, consumer loans, utility bill payments, and more. It provides an app-based platform that is available on Android and iOS devices.
- Apr 2025Venture Debt$5M
- Oct 2024Venture Debt$5M
- Apr 2022Series A$15.5M
- Dec 2020Seed$2M
#4
Seed · Nairobi, Nairobi County · founded 2019 · 41 employees$3Mraised▾
Platform offering diversified financial services. It provides a core banking system and other operational banking solutions to banks, lenders, asset managers, and other enterprises, allowing them to offer their customers banking services. It also provides a platform for consumers to save, borrow, pay, invest, and protect their money through their application, which is available for android devices.
- Dec 2024Seed—
- Feb 2023Seed$3M
#5
Seed · Nairobi, Nairobi County · founded 2023$400Kraised▾
Loan management platform for SMEs. It offers a platform that enables users of financial institutions to manage digitizing borrower origination, verification, and analysis. It also offers solutions for financial analysis, compliance management, and more.
- Oct 2025Seed$400K
- Oct 2025Grant (prize money)—
- Oct 2025Conventional Debt—
#6
Seed · Nairobi, Nairobi County · founded 2003 · 57 employees$7Mraised▾
Provider of banking solutions for savings and credit cooperatives. It enables financial institutions to log events in the solution. It lets users opt-in to share the institution's information with credit bureaus, centralized ID agencies, and other cooperative financial institutions. It also sorts incoming financial requests.
#7
Seed · Nairobi, Nairobi County · founded 2020 · 15 employees$4.2Mraised▾
Provider of a digital bank for individuals. It provides users with a platform that offers digital banking services for young individuals. Its services include current accounts, money transfers, bill payments, and more. It features savings goals, link-based payments, and real-time notifications on transactions.
- May 2023Seed$4M
- Mar 2021Seed$250K
#8
Series A · Nairobi, Nairobi County · founded 2018 · 40 employees$7.5Mraised▾
Provider of financial services and products to growing businesses in Africa. It offers solutions to address the financial needs of underserved individuals and small to medium-sized enterprises. Services include working capital finance, mobile money agent float finance, smartphone finance, and insurance premium finance. The company aims to advance financial independence through accessible and relevant products.
- Oct 2021Series A$7.5M
#9
Seed · Nairobi, Nairobi County · founded 2020 · 3 employees$2.5Mraised▾
Open banking aggregation APIs. It offers APIs that enable banks and financial institutions to aggregate financial data from multiple sources. It features lending and risk analytics, reconciliation and transaction analytics, and more.
- Jan 2022Seed$2.5M
#10
Seed · Nairobi, Nairobi County · founded 2020 · 16 employees$1Mraised▾
Provider of account receivables automation and integrated receivables management solutions. The company offers reconciliation of invoices against bank payments by connecting to bank and ERP systems. It harmonizes multiple bank transactions into ERP systems in real-time. The company digitizes invoice presentment, allowing debtors to track and pay invoices. It optimizes working capital financing for the supply chain. The company consolidates debtor payments into one bank account and streamlines reconciliation.
- Mar 2022Seed$1M
#11
Funding Raised · Nairobi, Nairobi County · founded 2014$140Kraised▾
Alternative credit scoring platform intended to offer loans to small farmers. It uses data analytics solutions to offers digital financial services to the agriculture sector. We support lenders to effectively increase their agricultural loan portfolios.
- Jul 2017Grant (prize money)$140K
#12
Seed · Nairobi, Nairobi Province · founded 2020—raised▾
Provider of a digital platform for finance management. It provides users with a company that provides banking solutions, allowing individuals to send and receive money without hidden charges or surprises. The company offers tailored loan options and aims to promote financial inclusion and economic development in emerging markets.
- 2023Seed—
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Banking Tech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Fintech is moving in Kenya
A read on the academic research around Fintech — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 90 Kenya-affiliated papers.
- Jomo Kenyatta University of Agriculture and Technology19
- Kenyatta University13
- University of Nairobi12
- Strathmore University8
- Moi University7
- Invoice2
- Factoring2
- Payment2
- Context (archaeology)2
- Supply chain2
- Financial services10→21
- Financial inclusion8→9
- Financial services14
- Financial inclusion7
- Mobile payment6
- Mobile banking6
- Financial transaction4
Where fintech is researched across Kenya
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.