The Capital Markets Authority (CMA) has licensed Jipay Payment Solutions and Sycamore Capital as Intermediary Service Platform Providers (ISPPs), enhancing Kenya's digital financial inclusion and capital markets participation.

• Jipay Payment Solutions aims to promote financial resilience among underserved segments through automated savings.
• Sycamore Capital, developer of the Cashlet App, graduated from CMA's Regulatory Sandbox after testing as a platform for aggregating retail investors into multiple unit trusts, having been admitted on 9 July 2021.
• CMA Chief Executive Officer FCPA Wycliffe Shamiah stated these approvals are crucial for deepening capital markets participation and promoting savings and investment.