Banks, fintechs and payment providers circle Kenya’s expanding SACCO economy
- Regulated SACCOs in Kenya held KSh1.21 trillion in assets in 2025, up from KSh1.08 trillion the previous year.
- The number of DT-SACCOs offering digital financial products increased from 236 in 2024 to 267 in 2025.
- SACCO agency banking saw the number of agents rise from 4,247 in 2024 to 4,377 in 2025, with transaction volume growing significantly.
The growth of SACCOs in Kenya represents a pivotal shift in the financial landscape, highlighting the importance of digital transformation in enhancing service delivery and member engagement. As competition intensifies among banks and fintechs, it will be crucial for SACCOs to strategically choose their technology partners to maximize their service offerings and operational efficiency.
