While often used interchangeably, embedded finance and fintech serve distinct yet complementary roles in modernizing finance. Understanding their differences is crucial for anyone in tech, business, or finance. As the lines between traditional finance and technology continue to blur, these collaborative approaches are shaping the future of how we interact with financial services. Curious to hear your thoughts: Are you seeing more embedded finance and fintech solutions in your industry? #FinancialTechnology #EmbeddedFinance #Fintech #Innovation #DigitalTransformation #Banking #AFIK Ali Hussein Kassim Christine Kitale Munyi Nthigah Sebie Salim Roy Njoka Rosemary Koech-Kimwatu Leon Kiptum
About us
Key objective: Adopting digital innovation as a core strategy for efficiency, scalability, and competitive positioning. WHO WE ARE Founded in 2021 by a team of experienced professionals within the fintech space, the organization was established to spearhead and advocate for digital innovation as a core strategy for efficiency, scalability, and competitive positioning. We strive to maintain the heritage of innovation in Kenya by providing a platform that will: foster for national, regional and international cooperation in digital innovation, advocate for favorable policies for fintechs in Kenya, raise awareness on the benefits of digital innovation to the general public and provide a platform for member companies to learn, network and mitigate the common challenges they face. Owing to Kenya’s predominantly young population and the need & awareness of digital innovation, fintechs have a competitive chance to provide innovative solutions in Kenya, enable the developer community to build sustainable solutions and improve the quality of life for residents in Kenya. Key Members’ segments: • Payment gateways • Alternative credit sourcing • Lending • Wallets • Transaction delivery • Asset Management • Digital Banking • Digital Insurance • Ecommerce firms Key Partners: The Government, Banks, Mobile Money Operators, Regulation Authorities. Mission: Spearheading innovation for Kenya’s business, government, NGO and finance communities. Vision: To be the world’s leading fintech innovation hub.
- Website
-
http://www.afik.or.ke
External link for Association of Fintechs in Kenya
- Industry
- Financial Services
- Company size
- 2-10 employees
- Headquarters
- Nairobi
- Type
- Nonprofit
- Founded
- 2021
Locations
-
Primary
Nairobi, 00100, KE
Employees at Association of Fintechs in Kenya
-
Christine Kitale
COO at Pesaswap East Africa Limited
-
Roy Kirianja
Serial entrepreneur building Agtech Terralima | DFS Expert | Partnerships Consultant | Board Advisor
-
Mary Mwangi
Founder and CEO Data Integrated Limited
-
Munyi Nthigah
AgriTech | AgriFin | Fintech | Payments. Secretary, Association of Fintechs in Kenya. Board Member AFIK, Alternate Board member, Africa Fintech…
Updates
-
Latitude59 Kenya Edition 2024 is an international startup and tech conference bringing together 2000+ attendees from Africa, Europe and beyond to unlock opportunities on the global startup scene and celebrate Africa’s tech ecosystem. Be bold and join the change-makers on November 28, 2024 at A.S.K Dome, Nairobi! Tickets and more info at: latitude59.ee/kenya #Latitude59xKenya #collaborations #tech #AFIK Ali Hussein Kassim Christine Kitale Munyi Nthigah Sebie Salim Roy Njoka Rosemary Koech-Kimwatu Leon Kiptum Latitude59 Tech Safari
-
NAVIGATING OPEN FINANCE WEBINAR |Key Insights and Opportunities for Kenya’s Financial Sector DATE: 6th November 2024 TIME: 3 PM-4.30 PM LINK: https://lnkd.in/dpAMp3Vz Join us in this collaborative effort by FSD Kenya, Kenya Bankers Association, and Association of Fintechs in Kenya as we delve into discussions aimed at transforming Kenya's financial landscape through the adoption and implementation of Open Finance principles. Our panelists are thought leaders who will share invaluable insights in the finance sector as we strive to align Kenya’s financial sector with global trends, paving the way for a more inclusive and data-driven financial ecosystem. Panelists: 1. Francis Gwer - Financial Sector Policy Specialist - FSD Kenya 2. Eunice R. Gatama - Group Executive GM Digital Business - I&M Bank 3. Rose Muturi- MD Branch International East Africa 4. Victor Odada- Head of M-Pesa Payments, Safaricom Presentation by Rafael Mazer- Director, Fair Finance Consulting Moderator: Munyi Nthigah- Secretary General- AFIK Key Objectives: -To provide an overview of open finance’s key elements and its potential benefits -To present comparative examples of different approaches to open finance globally -To highlight why open finance might benefit Kenya -To get a sense of industry perspectives and prompt further engagement with surveys, interviews, and future convenings. #OpenFinanceKenya #FinTechAfrica #DigitalFinance #KenyaFinance #FSD #AFIK #KBA Ali Hussein Kassim Christine Kitale Munyi Nthigah Sebie Salim Roy Njoka Rosemary Koech-Kimwatu Leon Kiptum Kenya Bankers Association FSD Kenya
-
Microsoft AI Startups Kenya Fest - Event Announcement TechNvst in collaboration with Microsoft will be hosting an exclusive AI Startups event in Nairobi on December 4th, 2024. The full-day gathering will feature presentations and panel discussions from leading investors and industry experts in the AI ecosystem. Event Details: • Date: December 4th, 2024 • Location: Nairobi • Format: Full-day event • Focus: AI Startups in Kenya Given the exclusive nature of this event, registration will be managed through an application process with limited seating available. Participants will be carefully selected based on their alignment with the event objectives, and successful applicants will receive confirmation emails once verified. A waitlist system will be implemented once capacity is reached. Use the referral link AFIK when registering: https://lnkd.in/dRG92yp7 #MicrosoftAI #KenyanTech #StartupKE #ArtificialIntelligence #TechEvents Ali Hussein Kassim Christine Kitale Munyi Nthigah Sebie Salim Roy Njoka Rosemary Koech-Kimwatu Leon Kiptum TechNvst KPMG Cloudmania NVIDIA Microsoft CIO Africa by dx5
-
Finding Value in a High-Market: The PayPal Opportunity Despite trading 75% below its peak, PayPal (PYPL) continues to show impressive fundamentals: • Sustained Growth: 9% revenue increase in 2023 • Strong User Base: 432M active accounts • Increasing Engagement: 9% rise in transactions per active account • Robust Cash Flow: Expected $6B in free cash flow this year Key competitive advantages: ✓ Network effects across merchants and consumers ✓ Massive scale ($1.7T annual TPV) ✓ Two decades of brand trust ✓ Industry-leading fraud detection Currently trading at a forward P/E of 17, this fintech leader presents an intriguing opportunity for value investors in today's market. What's your take on fintech valuations in the current market environment? #Fintech #Investing #PayPal #StockMarket #DigitalPayments You can read the full article here: https://lnkd.in/dGRgS5js
1 Incredibly Cheap Fintech Stock to Buy Now | The Motley Fool
fool.com
-
Join the Association of Fintechs in Kenya Today! Are you passionate about change and innovation in the finance sector? Are you looking to share your thoughts with like-minded people in the fintech industry? Join us today as a member of the Association of Fintechs in Kenya and unlock great opportunities. As a member, you'll enjoy a wide range of benefits, but not limited to: ✨ Networking and collaboration. ✨Business development opportunities. ✨Industry visibility. ✨Access to the Newsletter. ✨Access to Fintech member meetups and exhibitions. ✨ Showcase your expertise and elevate your profile in the fintech ecosystem. Join us in revolutionizing the way we think about finance and technology. Together, we'll shape a brighter, more inclusive future for Kenya's financial landscape. Ready to make an impact? Sign up now https://lnkd.in/d8DMQXx9 and be part of something extraordinary! 💼💡💰 #Fintech #Innovation #Finance #Kenya #JoinUs #Membership #Empowerment Ali Hussein Kassim Christine Kitale Munyi Nthigah Sebie Salim Roy Njoka Rosemary Koech-Kimwatu Leon Kiptum
-
Mambu joins AFIK as a platinum member We are delighted to announce that Mambu has joined AFIK as a platinum member. As a SaaS cloud banking platform, Mambu has been revolutionizing the financial technology landscape since 2011. Mambu is the world’s only true SaaS cloud banking platform. Launched in 2011, Mambu's unique composable approach means that independent components, systems and connectors can be assembled in any configuration to meet business needs and end-user demands. Mambu supports over 260 customers in over 65 countries - including Western Union, Commonwealth Bank of Australia, Research Division, N26, BancoEstado, Raiffeisen Bank International AG, ABN AMRO Bank N.V. and Bank Islam Malaysia Berhad. Mambu empowers African banks, fintechs, lenders, and cooperatives to provide tailored financial solutions that meet evolving customer needs. Notable African clients include TymeBank, ESASCCO, Platcorp Group , and GIG Trust. Their expertise in cloud banking solutions and digital transformation aligns with AFIK’s mission of driving innovation in Kenya's fintech sector. As part of our growing community, Mambu will contribute to our collective efforts in fostering collaboration, advocating for enabling regulations, and advancing best practices within Kenya's financial technology ecosystem. For more information about Mambu's transformative banking solutions, visit www.mambu.com #Fintech #Innovation #Finance #Kenya #JoinUs #Membership #Empowerment Ali Hussein Kassim Christine Kitale Munyi Nthigah Sebie Salim Roy Njoka Rosemary Koech-Kimwatu Leon Kiptum Darice R. Mambu
-
TITLE: NAVIGATING OPEN FINANCE WEBINAR |Key Insights and Opportunities for Kenya’s Financial Sector DATE: 6th November 2024 TIME: 3 PM-4.30 PM LINK: https://lnkd.in/dqkA_Mjr Join us in this collaborative effort by FSD Kenya, Kenya Bankers Association, and Association of Fintechs in Kenya as we delve into discussions aimed at transforming Kenya's financial landscape through the adoption and implementation of Open Finance principles. Our panelists are thought leaders who will share invaluable insights in the finance sector as we strive to align Kenya’s financial sector with global trends, paving the way for a more inclusive and data-driven financial ecosystem. Panelists: 1. Francis Gwer - Financial Sector Policy Specialist - FSD Kenya 2. Eunice R. Gatama - Group Executive GM Digital Business - I&M Bank 3. Rose Muturi- MD Branch International East Africa 4. Victor Odada- Head of M-Pesa Payments, Safaricom Presentation by Rafael Mazer- Director, Fair Finance Consulting Moderator: Munyi Nthigah- Secretary General- AFIK Key Objectives: -To provide an overview of open finance’s key elements and its potential benefits -To present comparative examples of different approaches to open finance globally -To highlight why open finance might benefit Kenya -To get a sense of industry perspectives and prompt further engagement with surveys, interviews, and future convenings. #OpenFinanceKenya #FinTechAfrica #DigitalFinance #KenyaFinance #FSD #AFIK #KBA Ali Hussein Kassim Christine Kitale Munyi Nthigah Sebie Salim Roy Njoka Rosemary Koech-Kimwatu Leon Kiptum
-
🎤 Do you have what it takes to grab the mic? Latitude59 is seeking the boldest early-stage #startups from #Kenya and across Africa to compete for a prize pool of non-equity funding, perks from our global partners, and a chance to pitch in front of 2000 attendees, investors and global tech industry players at Latitude59 Kenya Edition 2024 this November. Most importantly, one startup will receive an expenses-paid invitation to participate at the semi-finals of #Latitude59 2025 in Tallinn, Estonia. For two years in a row, the prize pool for the Latitude59 Pitch Competition in Estonia has been one million euros! 🌍 Africa has got some serious tech talent. And Latitude59 can't wait to see their next generation of startups on the stage this November! #globalvillage 🚀Read more about #Latitude59xKenya here: https://lnkd.in/d3FZt3Ny ⏰To join the #pitchcompetition, fill in your startup’s application in Dealum by Nov 1: https://lnkd.in/gmtSkx9V!
-
Join the Association of Fintechs in Kenya Today! Are you passionate about change and innovation in the finance sector? Are you looking to share your thoughts with like-minded people in the fintech industry? Join us today as a member of the Association of Fintechs in Kenya and unlock great opportunities. As a member, you'll enjoy a wide range of benefits, but not limited to: ✨ Networking and collaboration. ✨Business development opportunities. ✨Industry visibility. ✨Access to the Newsletter. ✨Access to Fintech member meetups and exhibitions. ✨ Showcase your expertise and elevate your profile in the fintech ecosystem. Join us in revolutionizing the way we think about finance and technology. Together, we'll shape a brighter, more inclusive future for Kenya's financial landscape. Ready to make an impact? Sign up now https://lnkd.in/d2dN-XG3 and be part of something extraordinary! 💼💡💰 #Fintech #Innovation #Finance #Kenya #JoinUs #Membership #Empowerment Ali Hussein Kassim Christine Kitale Munyi Nthigah Sebie Salim Roy Njoka Rosemary Koech-Kimwatu Leon Kiptum