After a Decade of Grit, Kenyan Digital Lender MyCredit Secures $3 Million in Senior Debt.

After ten years of steady, often unglamorous work, Kenyan digital lender MyCredit has reached a defining milestone, raising $3 million in senior debt financing. In an African tech landscape that often celebrates rapid growth and flashy valuations, MyCredit’s story stands out as one built on patience, resilience, and long-term execution rather than hype.

Founded to expand access to credit for underserved individuals and small businesses, MyCredit has spent the last decade refining its lending models, building trust with customers, and navigating one of the most complex regulatory environments in African fintech. Digital lending in Kenya has faced intense scrutiny in recent years, with tighter rules around consumer protection and data use. Surviving, and growing, through this period has required discipline, transparency, and a clear understanding of risk.

The new $3 million senior debt facility is a strong vote of confidence in that journey. Unlike equity funding, senior debt reflects belief in a company’s ability to generate predictable cash flows and manage credit responsibly. For MyCredit, the capital is expected to strengthen its lending book, improve liquidity, and support more sustainable loan growth without diluting ownership. It also signals that lenders and institutions are increasingly willing to back fintechs that have proven their models over time.

From a broader ecosystem perspective, the deal highlights a maturing phase of African fintech. As venture capital becomes more selective, alternative funding structures such as debt are gaining relevance, especially for companies with stable revenues. MyCredit’s raise shows that African startups do not need to chase endless fundraising rounds to scale; consistent performance and regulatory compliance can unlock patient capital.

For customers and small businesses, the impact is practical. More lending capacity means improved access to credit, smoother disbursements, and potentially better loan terms as the business scales responsibly. For the wider tech community, MyCredit’s decade-long journey is a reminder that in African markets, real success is often measured not by speed, but by staying power.