Five associations have joined forces to establish the FinTech Alliance (TFA) to drive the growth and development of Kenya’s fintech sector.

The alliance brings together key industry players, including:

• Association of Fintechs in Kenya (AFIK)
• Fintech Association of Kenya (FINTAK)
• Digital Financial Services Association of Kenya (DFSAK)
• Digital Credit Providers Association (DCPAK)
• Blockchain Association of Kenya (BAK)

The FinTech Alliance aims to:

• Create a unified voice for Kenya’s fintech ecosystem.
• Advocate for initiatives positioning Kenya 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’s priorities include:

• Scaling fintech firms by improving access to finance and resources.
• Collaborating with government agencies, regulators, and stakeholders to develop policies that promote innovation, financial stability, and consumer protection.
• Leveraging fintech solutions to boost financial inclusion, create jobs, and transform lives, catalyzing Kenya’s economic and social growth.

Recognized as a hub for fintech innovation, Kenya’s ecosystem stands to benefit from TFA’s emphasis on:

• Fostering collaboration and knowledge sharing.
• Enhancing 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.