CMA Approves Two ISPP Platforms in Push to Expand Digital Investing
NAIROBI, Kenya, May 26 – The Capital Markets Authority has licensed two fintech firms to operate as Intermediary Service Platform Providers (ISPPs), in a Kenya breaking news | Kenya news today |..
✨ Key Highlights
The Capital Markets Authority (CMA) has approved two fintech firms, Moneto Ventures Limited and Pesa Bridge Limited, to operate as Intermediary Service Platform Providers (ISPPs).
- This move aims to expand digital access to regulated investment products and accelerate participation in Kenya's capital markets.
- The approved firms, Moneto Ventures Limited (operating Chumz mobile app) and Pesa Bridge Limited, will connect retail investors to collective investment schemes.
- These licenses are part of the CMA's broader strategy to deepen the market through technology, foster financial inclusion, and attract younger investors.
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CMA Approves Two ISPP Platforms in Push to Expand Digital Investing - May 2026
The Capital Markets Authority approved two fintech firms, Moneto Ventures Limited and Pesa Bridge Limited, to operate as Intermediary Service Platform Providers, expanding digital investing options in Kenya. Mitsumi Distribution is investing $2 million (Sh 258 million) in a new artificial intelligence cloud platform to provide affordable computing infrastructure for young Kenyan developers and entrepreneurs. Binance marked Africa Month by highlighting its commitment to digital inclusion and community development across the continent, coinciding with rising cryptocurrency adoption. These stories collectively showcase Kenya's growing fintech ecosystem and digital finance infrastructure.
