This archive report was first published on 21 August 2019.
On August 9, 2019, Zenka Finance, a mobile fintech company established in December 2018, took home the top award for the most preferred non-banking platform at the Financial Inclusion Awards ceremony held at the Crown Plaza Hotel in Nairobi.
Additionally, Zenka Finance was also awarded the 1st runner-up award for the fastest growing non-banking loan platform.
According to Zenka Finance CEO Robert Masinde, the awards were a result of the hard work and focus of the entire Zenka Finance team.
"We won these awards despite strong competition from well-established players in the industry such as Tala and Branch who had also been nominated for the same categories," said Robert Masinde, Zenka Finance's CEO.
Zenka Finance offers flexible short-term loan products ranging from KSh 500 to KSh 20,000 with a payment period of 1 to 30 days, catering to the needs of its clients.
The company's clients can also benefit from extensions and top-up options, where they can extend their repayment date or apply for an additional amount of money within their loan limit.
What sets Zenka Finance apart is its revolutionary approach to lending, where the first loan from the company is absolutely cost-free, with no registration fee, commission, or interest.
Moreover, Zenka Finance has introduced an AI-powered CC system, which successfully deals with daily tasks and consumer's requests, making it a trusted partner for over 700,000 customers in just seven months.
With a focus on accessibility, Zenka Finance allows its clients to apply for loans through its app on Android and IOS, as well as through the USSD short code 841#.
As a responsible lender, Zenka Finance has developed sophisticated tools for customer identification and creditworthiness evaluation, ranging from machine learning algorithms to dedicated econometric-based scoring models.
By promoting industry best practices and consumer protection, Zenka Finance is playing an active role in ensuring a healthy future for the digital lending industry in Kenya.
For more information on Zenka Finance, click here.
