Fact Sheet

Opportunities in Kenya’s Fintech sector

Explore one of the most developed Fintech ecosystems in Africa

Kenya has seen significant financial innovation in the last decade. This growth is attributed to the rapid adoption of mobile money, tech driven start-ups, innovators and modern infrastructure. These key fintech developments have led to its recognition as the Silicon Savannah. Read about business opportunities in the Kenyan fintech sector in our factsheet.

Hands with mobile phones

Kenya the largest economy in East Africa has a population of 53.7 million and the proportion of the population with access to formal financial services rose to 83 percent from 75 percent in 2016, driven largely by mobile technology.  

Based on the quick adoption of the mobile money services, banks, venture capitalists, financial companies and governments have quickly pivoted towards digital financial services.  

The Kenyan fintech sector is one of the biggest and most developed fintech ecosystems in the Africa continent with more than 354 fintech companies across different sectors. According to Partech partners, Kenyan fintech companies raised around USD 198 million in funding in 2019 and this number is projected to keep increasing, 

Find out in our factsheet about the Fintech Landscape in Kenya, the opportunities this sector presents for Swiss and Liechtenstein SMEs and some pointers on finding the right partner for market entry success. 

Upcoming trade shows and conferences in Kenya: 

  • Seamless Payments, Banking and Fintech,4-5 October 2022, Nairobi 
  • Africa Tech Summit, a leading African tech event, 15-16 February 2023, Nairobi 
  • TEMS Africa, ICT Expo and Digitization, 20-21 April 2023, Nairobi 
  • Finnovex East Africa, Summit on financial services,18-19 April 2023, Nairobi 

The factsheet can be downloaded below. 

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Opportunities in Kenya’s Fintech Sector (09/2022)

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