Bingwa Capital

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About Company

✅ Overview

Name: Bingwa Capital Ltd
Founded: 2019 (bingwacapital.co.ke)
Headquarters: Thika Town, Kwame Nkrumah Street, Clairbourn House, Room E5
Contact:

🏦 Mission & Vision

Mission: To deliver fast, reliable, and simple financial solutions.
Vision: To become the most trusted partner in financial empowerment, transforming lives and businesses across Kenya and beyond.

💡 What They Do

Bingwa Capital specializes in salary advance check-off loans geared toward employees in small- to medium-sized private firms and select public-sector organizations: (bingwacapital.co.ke)

  • Salary Advances: Quick funds for urgent needs like school fees or emergencies.
  • Employer-Focused Solutions: Risk-free, integrated systems that streamline payroll deduction.
  • Customized Financial Products: Tailored offerings based on specific client needs.

They operate via multiple user-friendly channels: USSD (218888#), web, and mobile app, with instant disbursements through mobile money like M‑Pesa. No guarantors or hidden charges are required. (bingwacapital.co.ke)

🔢 Key Numbers & Impact

  • Over 13,000 salary advances disbursed since inception in 2019 (co.ke)
  • More than 13,000 active users, demonstrating strong and growing adoption
  • Strategic partnerships, including a notable alliance with KCB Bank to ensure efficiency (co.ke)

Their services have boosted employee welfare and productivity, helping users manage unexpected expenses seamlessly.

💰 Pricing & Customer Benefits

  • Competitive interest rate of 7.5% (co.ke)
  • Zero processing fees and no joining fees—borrowers get exactly the amount approved (co.ke)
  • No guarantors required, guaranteeing privacy and simplicity
  • Disbursement is fast, transparent, and seamlessly integrated with payroll (co.ke)

🤝 Partnerships & Clients

Bingwa Capital collaborates with various private firms and institutions, some of which include:

  • Drak Holdings Kenya Ltd
  • Coby Ceramics
  • Ceramic Masters Ltd
  • Ujenzi Consultant
  • Bingwa Micro Capital themselves (as a model partner) (co.ke)

They also have a strategic partnership with KCB Bank, enhancing their operational capacity. (bingwacapital.co.ke)

🛠 Technology & Platform

  • Channels: USSD, mobile/web platform, and progressive web app (“installable app”)
  • Disbursement: Instant via M‑Pesa
  • Check-Off Payroll Integration: Automated repayment directly from salary, minimizing risk

📊 Summary

CriteriaDetails
Founded2019
FocusSalary advances for SME and select government employees
Technology ChannelsUSSD, web, mobile app
Pricing7.5% interest, no fees
Disbursement SpeedInstant via M‑Pesa
PartnershipsKCB Bank and leading private firms
Impact>13,000 loans disbursed; >13,000 active users

In summary:
Bingwa Capital is a fast-growing fintech innovator in Kenya, offering transparent, no-fuss salary advances through payroll-integrated systems. Their effective use of digital channels, strong partnerships, and clean user experience have positioned them as a trusted financial ally for thousands of employees and employers.

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