The Capital Markets Authority (CMA) has granted licences to two fintech firms, Moneto Ventures Limited and Pesa Bridge Limited, allowing them to operate as Intermediary Service Platform Providers (ISPPs) and digitally connect retail investors to regulated collective investment schemes.
The latest approvals raise the number of licensed ISPPs to seven since the category was introduced, signalling the regulator’s growing push to formalise digital investment platforms within Kenya’s capital markets ecosystem.
The ISPP licence framework was created under the 2023 Collective Investment Schemes Regulations to bring fintech investment aggregators under direct regulatory supervision.
Earlier approvals under the category included Jipay Payment Solutions and Sycamore Capital’s Cashlet app in September 2025, followed by Safaricom and Airtel Money in December 2025, and I&M Capital in February 2026.
Moneto Ventures runs Chumz, a mobile-based savings and investment platform that allows users to invest towards personal financial goals from as little as KSh5. Developed in collaboration with Nabo Capital, the app enables mobile money users to create individual or group savings targets, monitor progress and earn returns on their investments.
The company joined the CMA Regulatory Sandbox in May 2021 and later became the sixth firm to successfully exit the programme before receiving its full ISPP licence on May 26, 2026.
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Pesa Bridge Limited, meanwhile, operates a mobile-first digital platform aimed at linking retail investors with licensed fund managers and custodians. The company is focused on expanding digital access and distribution of collective investment schemes in Kenya and across the wider East African market.
Before the introduction of the ISPP framework, such fintech platforms typically relied on partnerships with already licensed intermediaries, meaning the CMA did not directly regulate the firms handling customer relationships. Under the new regime, aggregator platforms are now required to obtain their own authorisation from the regulator.
