Report reveals Kenya’s progress in fintech growth

A recent report highlights Kenya’s remarkable progress in the fintech sector, showcasing how technology-driven financial services are reshaping the country’s economy and digital landscape. The study notes that innovations in mobile money, AI-driven lending platforms, blockchain solutions, and integrated payment systems are enabling broader financial inclusion, enhancing efficiency, and supporting entrepreneurship. Kenya’s fintech ecosystem is increasingly attracting local and international investment, positioning the country as a leading hub for financial technology in Africa.
The report credits several government-backed initiatives and regulatory reforms for this growth. The Virtual Asset Service Providers (VASP) Act, enacted on 21 October 2025, provides a legal framework for digital assets and cryptocurrency operations, while programs aimed at upskilling the workforce in AI, cybersecurity, and digital finance have strengthened the sector. Key milestones include mobile money services reaching 91% market penetration, integration of fintech platforms like Pesalink with traditional banks, and AI-powered microloan platforms that extend credit to underserved populations. These initiatives demonstrate the practical benefits of fintech for businesses, consumers, and the broader economy.
Experts emphasize that continued progress will require strong cybersecurity measures, inclusive access, and supportive policies to ensure equitable benefits across the population. They note that fostering innovation, building digital skills, and encouraging collaboration between government, industry, and academia will be critical for sustaining growth. Looking ahead, Kenya’s fintech sector is expected to further drive financial inclusion, stimulate entrepreneurship, attract investment, and strengthen the country’s position as a leader in technology-driven financial services across Africa.