Zenka named most outstanding mobile loans app of the year

Digital lender Zenka Finance Limited has been named the most outstanding mobile loans app of the year 2020 in the Pacesetter Award Kenya (PSA).

PSA was initiated by Jubilant Stewards of Africa (JSA), a Non-Governmental Organization, to celebrate industry leaders for their innovation, quality products, services, job creation, exemplary leadership, growing the economy and transforming the society.

“This recognition from a continental perspective is very significant in reflecting our innovativeness and commitment to offer consumer responsive and progressive digital lending solutions,” said Zenka Finance Chief Executive Officer, Duncan Motanya.

“To be nominated by the general public, who are the main users of our product is even a great honour.”

Winners in various categories were competitively selected through a thorough process that partly involved a public vote and a panel of judges.

Zenka started operations in Kenya two years ago, cutting a niche in provision of innovative financial solutions using a client-oriented approach leveraging on multiple access channels including App and USSD.

“PSA seeks to encourage organizations and individuals who go beyond the call of duty in their service by looking at the processes involved and how organizations go out of their way to serve humanity while purposing to promote best practices and ethics in industry leadership,” said PSA Head of Programs and Communications Jared Oundo in a press statement.

“The awards are based on Performance Index (OPI) where processes and systems are scrutinized and benchmarked against global acceptable standards. Pacesetters Awards recognize and celebrate the key players in various categories who have over the years achieved outstanding results and made positive contributions in their industry growth.” The survey started on November 1, 2019 and concluded on December 1, 2020.