About MyCredit
MyCredit is a company based in Nairobi (Kenya) founded in 2016. It operates as a FinTech, and Commission-Based. MyCredit offers products and services including Business Loan, Civil Servant Loan, Kuza Elimu Loan, and Insurance Services. MyCredit operates in a competitive market with competitors including Moniepoint, GE Capital, Ed Partners Africa, KJMC Finserv Group and Biashara Africa, among others.
- Headquarter Nairobi, Kenya
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mycredit Limited
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$3 M (USD), Debt – Conventional
Jan 15, 2026
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Investors
BlueOrchard
& 1 more
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Employee Count
Employee Count
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Products & Services of MyCredit
MyCredit offers a comprehensive portfolio of products and services, including Business Loan, Civil Servant Loan, Kuza Elimu Loan, and Insurance Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Loans are provided to support business financial needs.
Loans are offered to civil servants for financing.
Educational loans are provided for school financing needs.
Various insurance products are offered for client protection.
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Funding Insights of MyCredit
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $3.0M
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First Round
First Round
(16 Mar 2023)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Debt – Conventional - MyCredit | Valuation |
investors |
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| Dec, 2023 | Amount | Debt – Conventional - MyCredit | Valuation |
investors |
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| Mar, 2023 | Amount | Debt – Conventional - MyCredit | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MyCredit
MyCredit has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include BlueOrchard and Oikocredit. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Debt and equity investments are managed by this private fund.
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Founded Year | Domain | Location | |
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Private equity firm investing in multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MyCredit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MyCredit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mycredit Comparisons
Competitors of MyCredit
MyCredit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Moniepoint, GE Capital, Ed Partners Africa, KJMC Finserv Group and Biashara Africa, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Integrated financial services are provided for businesses and individuals.
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| domain | founded_year | HQ Location |
Commercial aircraft and equipment leasing and lending services are provided.
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| domain | founded_year | HQ Location |
School financing and technology solutions are provided for institutions.
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| domain | founded_year | HQ Location |
Corporate advisory firm
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| domain | founded_year | HQ Location |
E-commerce and lending platform for small businesses
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mycredit
Frequently Asked Questions about MyCredit
When was MyCredit founded?
MyCredit was founded in 2016 and raised its 1st funding round 7 years after it was founded.
Where is MyCredit located?
MyCredit is headquartered in Nairobi, Kenya.
What does MyCredit do?
MyCredit Limited is licensed as a Digital Credit Provider by the Central Bank of Kenya. Financial solutions are offered through various loan products such as business loans, civil servant loans, and educational loans under the Kuza Elimu initiative. Insurance services including life, motor, and domestic coverage are also provided. Operations are focused on the financial sector with an emphasis on digitization and risk management. A strong brand is being built within the industry to serve customers securely and conveniently.
Who are the top competitors of MyCredit?
MyCredit's top competitors include Moniepoint, GE Capital and KJMC Finserv Group.
What products or services does MyCredit offer?
MyCredit offers Business Loan, Civil Servant Loan, Kuza Elimu Loan, and Insurance Services.
Who are MyCredit's investors?
MyCredit has 2 investors. Key investors include BlueOrchard, and Oikocredit.