Cashlet |
The Capital Markets Authority (CMA) has admitted Cashlet, an app-based fintech into its Regulatory Sandbox program.
The Cashlet app is a personal finance mobile app that provides a easy, convenient and modern way for people to saving, invest and take control of their money.
The approval allows the startup to roll out a beta version of its innovative ‘millennial’-focused, personal finance solution to early adaptors. The Regulatory Sandbox was developed by the CMA to enable fintechs and other companies to soft launch innovative products, solutions and services that have the potential to deepen or broaden the Kenyan capital markets.
Developed by Sycamore Capital Ltd, the app works in partnership with regulated fund managers in Kenya, to allow users to invest in unit trust products1 in simple, fully digital and modern way. The initial partner fund managers include ICEA Lion Asset Management, Old Mutual, and Genghis Capital.
The beta version of the Cashlet app is due to be released on the Android Playstore and Apple Store by mid-February 2022, but users can sign up now to join their Waitlist and be first to get access…
