Technology and Fintech Sector .
Technology and Fintech sectors continue to be key drivers of commercial and economic development in Kenya and East Africa. The industry has grown significantly over the past ten years and is still attracting investments from around the world economy.
Nearly every other industry benefits from the Technology and Fintech sector, which also serves as a vital conduit between businesses, markets and consumers as well as between internal business operations.
Kenya's Fintech sector has changed the game by making financial services far more accessible to the majority of the population and offering a notably better user experience.
Significant risks that we have noted in the Technology and Fintech sector includes: .
- Technology obsolesce
- Cyber security
- Changing customers preference
- Regulatory compliance
- Financial reporting compliance and valuation of tech assets
- Governance especially where the tech founder lacks the business management skills
- Obsolete Tax legislations not addressing the sector needs
- Stiff completion among others:
At MGK, we support the Technology and Fintech sector through risk based internal and external audits, governance audits, compliance reviews and risk management services.
We also work with the industry through tailored outsourced accounting solutions, payroll support, advisory services, due diligence, tax advisory, tax health check and transfer pricing formulation and reviews.
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