The Firm provides a full range of legal services to Fintech companies including:

  1. Providing general legal advice to Fintech companies operating in the digital lending space, payment systems and money remittance arena. The firm provides advisory on compliance with the Central Bank of Kenya (Amendment) Act, 2021 together with the Central Bank of Kenya (Digital Credit Providers) Regulations, National Payment Systems Act, 2011, the Money Remittance Regulations, 2013, Kenya Information and Communications Act and its subsidiary legislations, data protection legislation, consumer protection legislation, Proceeds of Crime and Anti-Money Laundering Act legislations.
  2. Providing registration and setting up services to Fintech companies including obtaining regulatory approvals and licences as required from the relevant authorities.
  3. The Firm helps Fintech institutions in monitoring regulatory and legislation changes in the Kenya and in the region in regard to new products such as block chain and other distributed ledger technology, cryptocurrency and digital lending.

In this area of practice:

  • The Firm has acted for Zenka Digital Limited in providing regulatory compliance advisories from time to time. 
  • The Firm advised a client on compliance with the National Payment Systems Act and the Money Remittance Regulations.