Kenya’s Fintech Industry: A New Era of Collaboration Begins

January 24, 2025

(3 Minutes Read)

Five associations have united to form the FinTech Alliance (TFA) to drive the growth and development of Kenya’s fintech sector. The alliance brings together key industry players, including the Association of Fintechs in Kenya (AFIK), Fintech Association of Kenya (FINTAK), Digital Financial Services Association of Kenya (DFSAK), Digital Credit Providers Association (DCPAK), and Blockchain Association of Kenya (BAK).

The FinTech Alliance aims to create a unified voice for Kenya’s fintech ecosystem, advocating for initiatives that position the country as a global leader in financial innovation. Today marks a significant milestone for Kenya’s fintech sector. By uniting under the FinTech Alliance, we are better positioned to address challenges, seize opportunities, and drive meaningful change in the industry, said Ali Hussein, TFA spokesperson.

The Alliance will prioritise scaling fintech firms by improving access to finance and resources while collaborating with government agencies, regulators, and stakeholders to develop policies promoting innovation, financial stability, and consumer protection. TFA also plans to leverage fintech solutions to boost financial inclusion, create jobs, and transform lives, further catalysing Kenya’s economic and social growth.

Recognized as a hub for fintech innovation, Kenya’s fintech ecosystem is set to benefit from TFA’s focus on fostering collaboration, knowledge sharing, and global competitiveness through partnerships with international organizations. This united effort aims to unlock new opportunities for businesses and consumers, reinforcing Kenya’s leadership in the fintech space.