NAIROBI, Kenya, Oct 15 – SMEP Microfinance Bank’s Lipa na M-Pesa transactions will undergo a forensic audit covering digital payments, systems, and controls between January 2019 and June 2025, according to a proposal seen by Capital Business.
The exercise has been initiated by Hope International, a U.S.-based faith-driven non-profit and majority shareholder in the bank, which has invited qualified firms and consultants with international experience in auditing mobile money platforms to bid for the assignment.
Hope International says interested consultants must demonstrate expertise in digital transaction environments, possess advanced data analysis capabilities, and be certified by Kenya’s Office of the Data Protection Commissioner (ODPC) to handle sensitive data.
The one-month audit comes a year after Hope Advancement Inc., a subsidiary of Hope International, acquired a 51 percent stake in Smep Microfinance Bank for about Sh586 million.
