Nairobi-linked Satlyt raises $8M to expand AI computing on satellites
Nairobi-linked Satlyt has raised an $8 million seed round to expand software that lets satellites process data and run AI applications in orbit.
Kenya is East Africa's leading tech hub, known for its vibrant startup ecosystem, mobile innovation, and a thriving community of developers solving real-world problems.
Kenya is East Africa's leading tech hub, known for its vibrant startup ecosystem, mobile innovation, and a thriving community of developers solving real-world problems.
Nairobi-linked Satlyt has raised an $8 million seed round to expand software that lets satellites process data and run AI applications in orbit.
The one-day event challenged developers to build practical tools for network monitoring, SIM-swap fraud, rural connectivity and telecom customer service.
The Central Bank of Kenya says licensed digital lenders had issued 9.6 million loans worth KSh165.1 billion by August 2026.
The new checkout options let customers tap an NFC phone on a Pesapal terminal, scan a pre-filled QR code or use AI to read payment details from a receipt.
The exit of Airtel Money Kenya’s chief comes at a sensitive moment for mobile money leadership in Kenya, with Airtel Kenya and Safaricom both seeing executive changes. For the region’s payments industry, the timing underscores how much strategy, regulation, and capital-market plans now intersect.
A Kenyan court ruling could make it far harder for digital lenders to recover loans if they operated without the required CBK licence. For fintech founders, the decision is a reminder that regulatory approval is not just a compliance box — it can determine whether loan contracts hold up in court.