The move brings to 85 the total number of licensed digital credit providers in the country.
CBK said the move will intensify competition in the lucrative digital credit industry, providing more options for Kenyans seeking digital loans.
The Data Protection Commissioner, Immaculate Kassait, noted a drastic decline in complaints against financial service providers since the introduction of a regulatory framework by CBK.
The CBK received over 480 applications for licensing as firms rushed to comply with the Act.