Global fintech group Capital.com has received regulatory approval from the Capital Markets Authority (CMA) of Kenya to operate as a Dealing Online Foreign Exchange Broker.
The licence, issued under number 244, allows the company to provide regulated online foreign exchange and trading services to clients in Kenya.
Under the licence, Capital.com will act as a regulated counterparty and will be responsible for client onboarding, trade execution, and customer support in accordance with CMA requirements.
The company said the move forms part of its broader strategy to expand into new markets through established regulatory frameworks and reflects a long-term approach focused on compliance and risk management.
To oversee its Kenyan operations, Capital.com has appointed Samwel Kiraka as Chief Executive Officer for Kenya.
Kiraka has experience managing financial services businesses in regulated markets and will be responsible for setting up and supervising local operations, including governance, compliance, and client-facing activities, in line with CMA standards.
Valentina Rzheutskaya, executive director at Capital.com, said the licence provides clarity on how the company will operate in the country.
“Operating under local regulatory supervision is a fundamental requirement for offering financial services responsibly.
“The CMA licence provides a clear framework for how we operate in Kenya, including how we communicate risk, support clients and maintain appropriate controls,” she said.
Capital.com said it will operate in Kenya under CMA supervision, with local governance structures, compliance oversight, and client support functions in place.
The firm will also be subject to ongoing reporting and supervisory obligations under Kenyan regulations.”
Capital.com operates through multiple regulated entities worldwide and is authorised by financial regulators including the UK Financial Conduct Authority, the Cyprus Securities and Exchange Commission, the Australian Securities and Investments Commission, the Securities Commission of The Bahamas, and the UAE Securities and Commodities Authority.
