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Kacha Digital Financial Services

“Can Kacha become Ethiopia's default digital financial infrastructure for the unbanked by bundling mobile money, insurance, lending, and remittances on a single licensed platform?”

Founded2022
HQAddis Ababa, Ethiopia
Total raised$3.8M
IndustryFintech / Consumer banking
The story

Founded in 2022 as Ethiopia's first privately licensed payment instrument issuer, Kacha launched a mobile money platform targeting the unbanked and underserved. The company quickly expanded beyond basic mobile money into digital insurance, credit scoring, remittances, and IFB (interest-free banking) products, positioning itself as a full-stack digital financial inclusion platform for Ethiopia. Partnerships with Lucy Insurance S.C. and Global Bank of Ethiopia signal a move toward embedded insurance and premium financing, while a Credit Scoring Engine and Digital Lending products indicate ambitions in embedded credit.

Last 12 months
2024
2023
Product timeline
2022
Kacha Digital Financial Services S.C. received its PII license (NPS/PII/002/2022) from the National Bank of Ethiopia, becoming the first privately licensed payment instrument issuer in the country.· banking
2022
Piloting and commercial launch approval granted; won Visa Everywhere initiative in Ethiopia.· pivot
2023
Won BIMALAB Africa Insurtech Accelerator program in Nairobi and BIC Ethiopia agri financing prize; introduced digital insurance products in partnership with Lucy Insurance S.C. and Global Bank of Ethiopia.· insurance
2024
Selected as top 5% fintech cohort participant in Visa Accelerator Program Africa (Cohort 3).· pivot
Regulated entities
1
regulatory licence held by Kacha Digital Financial Services
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in Kacha Digital Financial Services’s embedded-finance stack
Lending
Digital LendingCredit Scoring EngineIFB FinancingAgricultural financing (agri prize context)
Insurance
in the full report
Accounting gap: minor
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.