A mobile lending platform that offers personal loans to consumers in various countries, leveraging data science for credit scoring.
Flutterwave promotes 25% of its global workforce in talent retention move
Flutterwave promoted about 25% of its global workforce, offering cost-of-living adjustments and economic relief payments. The company acquired a microfinance banking license in April, enhancing its financial services capabilities.
Kenyan SME lender 4G Capital says 92% of borrowers repay on time as bad loans rise
4G Capital reports a 92% on-time repayment rate among its customers. The Central Bank of Kenya reported a gross non-performing loan ratio of 15.5% in February.
Crackdown on unlicensed companies cuts digital creditors in Kenya to 51
Kenya has approved the operation of 17 new digital credit providers, including Autochek. The Central Bank of Kenya continues to scrutinize applications from digital lenders and has issued licenses to 51 lenders so far.
