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Why Fintech is the future of finance In Kenya

Fintech startups in Kenya are all about innovation. They’re bringing new ideas, technologies, and business models to the table that are changing how we do things in terms of finance.

The Kenyan financial sector has been growing rapidly in recent years, and it’s no surprise that many of these innovations have come from fintech companies. These businesses are changing how we bank and how we pay for goods and services, and they’re providing a host of other innovative solutions that can help us manage our finances better.

Somo companies such us Jumia and Safaricom which were startups some years back have now grown to be the front runners on the Kenyan market. Fitech area have seen various companies enter the Kenyan market. From Mobile loan service providers such us branch, Tala and Zenka to Online HR solutions suck us WorkPay, the field is just at its incubation stage.

Fintech is the future of finance.

In Kenya, we are seeing a rise of fintech startups that are disrupting the way we do business, and this is a great thing for Kenyans. The fintech industry is growing rapidly worldwide due to its ability to bring efficiency and transparency to financial services. In Kenya, we are seeing a rise of fintech startups that are disrupting the way we do business, and this is a great thing for Kenyans. The fintech industry is growing rapidly worldwide due to its ability to bring efficiency and transparency to financial services.

A lot has changed since Kenya’s independence in 1963. From an agricultural economy based on subsistence farming, Kenya has grown into an industrial nation with one of the fastest-growing economies in Africa. However, technology has not kept pace with this economic growth. In fact, many banks still have only one branch per county despite their huge profits from retail banking activities such as loan portfolios and deposits.

This means that most people have no choice but to walk miles every day just to withdraw cash or make payments at local shops because they cannot access banking services in their area while others rely on informal channels like mobile money agents who charge exorbitant rates which often lead them into debt traps.

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Majira Media

Keeping you in the loop. I write to share information that matter. From technology to business tips, I share information to inspire and educate

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