
Bingwa Capital
About Company
✅ Overview
Name: Bingwa Capital Ltd
Founded: 2019 (bingwacapital.co.ke)
Headquarters: Thika Town, Kwame Nkrumah Street, Clairbourn House, Room E5
Contact:
- Phone: +254 100 100 114
- Email: info@bingwacapital.co.ke (co.ke)
🏦 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
Criteria | Details |
Founded | 2019 |
Focus | Salary advances for SME and select government employees |
Technology Channels | USSD, web, mobile app |
Pricing | 7.5% interest, no fees |
Disbursement Speed | Instant via M‑Pesa |
Partnerships | KCB 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.