CBK PRESS RELEASE
Pi capital (Bayes), a leading digital lender, is delighted to announce that it has been granted a license by the Central Bank of Kenya (CBK) to operate as a digital credit provider. This landmark achievement marks a critical milestone in the company’s journey towards fostering financial inclusion and driving economic growth.
Bayes is an award-winning credit provider committed to providing tailored financial solutions that fit clients’ unique needs, whether it’s digital, MSME Sector, logbook, asset finance or salary advance loans. As a licensed digital lender, Bayes is now empowered to provide accessible and affordable credit solutions to individuals and small businesses across Kenya.
The licensing process involved meeting stringent criteria set forth by the CBK. By successfully meeting these requirements, Bayes has established itself as a trusted and responsible lender within the regulatory framework. This license serves as a testament to the company’s adherence to industry best practices, consumer protection measures, and ethical lending standards.
Bayes is grateful for the collaboration and guidance provided by the CBK throughout the licensing process. The company remains steadfast in its commitment to delivering reliable and inclusive financial services, as it continues to leverage technology and partnerships to drive positive change within the financial sector.
Pi Capital Ltd (trading Bayes), is a five-year-old award-winning digital credit provider committed to providing tailored financial solutions that fit clients’ unique needs, whether it’s digital, business, logbook, asset finance or salary advance loans.With a focus on responsible lending practices and innovation, Bayes strives to empower individuals with convenient access to credit while promoting financial inclusion and stability.