Quoxient Limited

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

Elevator pitch

We are a fintech company specializing in delivery of technology products to cater to credit scoring, payments processing and messaging needs of the modern financial services business.


Andrew Mukuria

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

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

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.

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.

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



Credit Scoring:
TransUnion source data from credit history of mobile loans. We source data from usage of mobile money and on-network behavior.
TransUnion use a fixed scorecard. We use a scorecard customized by our client.

Payments and Messaging:
Africa's Talking may be years ahead in terms of progress however their models do not cater to the a business seeking autonomy of their mobile money accounts. Our model allows for the merchant to maintain their own mobile money accounts.


  • 0 Contractual
  • 0 Beta Testing Stage
  • 0 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: 10 September 2017