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Kenya’s fintech sector attracted $452 million in venture capital in the first half of 2024, making it Africa’s second-largest recipient after Nigeria. According to Briter Bridges, funding surged for insurtech (Takaful), regtech (VerifyMe), and embedded finance startups. Tala raised $120 million for AI-driven credit in emerging markets, while Pula expanded its satellite-based crop insurance across the region. The Central Bank’s progressive sandbox and M-Pesa’s open API ecosystem were cited as key enablers. Despite global VC slowdowns, Kenya’s strong mobile penetration and regulatory clarity continue to draw investors. The sector now supports over 200 startups and 50,000 direct jobs, with Nairobi dubbed Silicon Savannah.