🇰🇪 Westlip Credit Limited is a private company from Kenya, based in Nairobi, founded in 2025. The company provides digital loans through a mobile app and USSD service. It offers three main products: personal loans, business loans for small companies (SMEs), and factoring, which means helping businesses get paid faster by advancing money against unpaid invoices.
Unlike a bank, Westlip operates entirely online and does not have physical branches. Customers apply for loans on their phones, and the company uses credit history, mobile-money data, and its own technology to decide whether to approve a loan. Everything from loan applications to repayments is handled digitally.
Key facts
🟢 Founded: 2025
🟢 Location: Nairobi, Kenya
🟢 Owner & CEO: Caroline Wanjiku Chuchu
🟢 Industry: Digital lending and financial services
🟢 Business type: Licensed non-bank digital lender
🟢 Clients: Individuals, small businesses (SMEs), and companies needing invoice financing
🟢 Licensed by the Central Bank of Kenya as a Digital Credit Provider
🟢 Operates entirely through mobile channels with no physical branches
Financial performance
🟢 Started lending in December 2025 after receiving its licence
🟢 Issued 6,153 loans worth over €1.1 million in its first six months
🟢 Generated about €164,000 in revenue during its first six months
🟢 Reached near break-even shortly after launch, reporting only a small start-up loss of around €12,000
🟢 Makes money from interest on personal and business loans, as well as fees from factoring services
🟢 Forecast to become profitable in 2026 as the loan portfolio grows
Loan details
🟢 Total loan: €4,050,000
🟢 Risk score: A
🟢 Lending APR: 23.10%
🟢 Debt-to-equity: 1.8
🟢 LTV: 120%
🟢 Credit history: 9/10
The financing cycle is real: we finance them, and they finance their customers.
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