Quoxient Limited

Financial services technology facilitator
Startup name
Quoxient Limited
Founding date
July 2015
Total team member
Startup stage
Enterprise, Software
Financial & payment services
Product usage or interact
Desktop, API
Nairobi, Nairobi Province, Kenya

Elevator pitch

Quoxient is a fintech company currently operational in Kenya with its headquarters in the capital, Nairobi. Quoxient’s mission is to solve business challenges using financial services technology products and services. Quoxient’s verticals in credit scoring, payments and communications makes it a one-stop shop for the digital financial services business.


Dennis Munyua

Dennis Munyua founded Quoxient in 2015. He has over 5 years experience as a fintech professional. He worked for Safaricom’s MPESA team for 3 years. He has a passion for supporting SMEs through technology for financial services. He loves travelling with his wife, Felicity, in his free time.

Clement Wambugu

FinTech engineer at Quoxient. Worked @SafaricomLtd on M-PESA Migration to Kenya. Studied Electronic Engineering at JKUAT. Proficiencies in System Design, Integration, MULESOFT ESB. Built M-PESA Payment Gateway at Quoxient, API Mashup for Async MPESA services to Sync. Channel integration - USSD & SMS

Mwithi Mulili

Finance and Banking graduate, ACCA member and CFA student. 5 years of experience in Banking operations, mobile savings and lending operations, Financial operations and reporting.

Andrew Mukuria

Bachelor of Arts(Economics)graduate, ACCA member and Certified Public Secretary(CPS)finalist . 6years of experience in Accounting, Tax and Finance.

Business model

Target customer

Financial Services SMEs

Customer acquisition strategy

Direct Sales

Revenue model

Transaction processing:
Each request processed is charged a fee. The fee is fixed at the moment. A tiered model would be desirable however our suppliers are applying a fixed fee for our own purchases.

Market info

Market size

$ 20,000,000



Our product is based on our competitor's model of lending to develop a credit record however our mode of delivery is targetted not only to smartphone users but includes basic and feature phone users.


  • 750 Contractual
  • 22,000 Beta Testing Stage
  • 1,500 License to distribute content on SMS

Startup traction

1. We have signed a contract with the largest Telco for access to mobile data.
2. We have received a Content Service Provider License by the communications regulator.
3. We have completed development of the first phase of the solution.
4. We are currently testing the system with two lending organizations.

Publication date: 02 December 2017