What's eTIMS, and why does it matter?
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eTIMS is KRA's electronic Tax Invoice Management System — every business is now required to issue digital receipts that report directly to KRA. Non-compliance carries penalties. M-Penny is the cheapest, simplest path to full eTIMS compliance: every invoice you generate in the app is auto-stamped and filed in real time.
How is M-Penny different from QuickBooks or Zoho Books?
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Three things QuickBooks can't do: deep native M-Pesa Daraja integration, KRA eTIMS compliance baked in, and USSD access for shopkeepers without smartphones. Plus pricing in shillings, in Swahili, at informal-sector economics — Bure starts free.
I don't have a smartphone. Can I still use it?
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Yes. Dial *483# from any feature phone to record income, log an expense, check your balance, or generate a P&L summary. The USSD interface gives you 80% of the app's functionality. About 40% of Kenyans use feature phones — we're not leaving them behind.
Is my financial data safe?
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End-to-end AES-256 encryption at rest. TLS 1.3 in transit. Data residency in East Africa (AWS Cape Town or Azure South Africa). Kenya DPA 2019 registered with ODPC. Annual penetration testing by a CREST-certified firm. SOC2 Type II by Year 2. We treat your books like a bank treats your account.
When does lending become available?
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Lending launches in Phase 2 (Months 13–18) once we hold a CBK Digital Credit Provider licence. Existing accounting users get first access and preferential rates — typically 20–30% below standard digital lenders, because your bookkeeping data lets us price risk accurately.
What does the loan look like in practice?
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A typical first loan: KSh 25,000–85,000, 14–90 day term, 4–8% interest, disbursed to your M-Pesa till in under 60 seconds. Repayment auto-deducts a small slice of each till transaction — no manual repayment, no shame, no shylocks. CBK rate cap of 4% per month never exceeded.
Who's behind M-Penny?
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M-Penny Limited is a Kenyan-incorporated fintech, founded by Emmanuel Meduwa — 10 years inside KRA, Advanced CPA, MBA, and currently pursuing a PhD in Accounting and Finance. The team will scale to 15–25 by Month 18 with a CTO, additional developers, a CPA-K-qualified accounting lead, and regulatory counsel.