CBK
Helping You Legally Operate in the Digital Lending Space
At Mwirigi Tax Consultants LLP, we support fintech startups and digital lenders in meeting the regulatory requirements for Digital Credit Provider (DCP) licensing in Kenya. Operating without a DCP license from the Central Bank of Kenya (CBK) is illegal and can attract severe penalties, including shutdown orders.
We walk with you throughout the licensing journey—from understanding the regulations to compiling documentation and ensuring compliance post-licensing.
Our DCP Licensing Support Services
Understanding CBK Requirements
Before applying, it’s critical to understand the CBK’s regulatory expectations.
We help you review:
Legal status (must be a registered legal entity)
Capital and liquidity requirements
Corporate governance structures
This ensures you’re fully prepared before engaging the CBK.
Preparation of Application Documents
We assist in compiling all the required documents, including:
A detailed business plan
Proof of registration (Certificate of Incorporation)
Memorandum and Articles of Association
Ownership structure and management profiles
Our experts ensure completeness and alignment with CBK guidelines.
Submission to the Central Bank
Once ready, we help you file the application with the CBK and ensure that:
All attachments meet CBK’s format and content standards
Applications are submitted within the regulatory timelines
Follow-up and Clarifications
The CBK may request further details during the evaluation phase.
We support you in:
Responding to clarification requests
Submitting additional documentation
Staying compliant with response deadlines
Licensing and Fee Payment
After approval:
We guide you on paying the CBK’s prescribed fees
Ensure you receive the DCP license and understand your post-licensing obligations
The license is typically valid for 12 months and must be renewed before December 31st each year.
Key Compliance Considerations
CBK Evaluation Criteria
The CBK assesses each application based on:
Financial soundness of investors
Suitability and integrity of management
Effectiveness of risk management and IT systems
Consumer protection mechanisms
Annual Renewal & Regulatory Compliance
We assist with:
Timely license renewal
Annual and periodic CBK reporting
Compliance with Anti-Money Laundering (AML) and data privacy laws
Failure to comply may result in penalties, license suspension, or removal from the CBK’s list.
Public Listing
Once licensed, your DCP will be listed on the CBK’s official website. Note:
Licenses are non-transferable
Any changes to business ownership or structure must be reported
Why Choose Us?
✅ Proven Experience with CBK-Facing Applications
✅ Customized Guidance for Fintech Startups and Lenders
✅ Speedy Turnaround and Document Accuracy
✅ Ongoing Compliance and Renewal Support
We simplify the DCP licensing process so you can focus on what you do best—providing credit responsibly and sustainably.
