Our Story

Finnacle Consulting is a dream come true for two campus roommates who faced numerous financial difficulties while in university studying Economics and Finance but all the same, had big dreams and a passion for finance. The Finnacle idea came in 2017 before leaving campus but it took 4 years of work experience in accounting, finance, and Investment Management for this dream to come to pass.
In 2020, at the height of the COVID-19 pandemic, many people faced financial challenges due economic slowdown experienced due to government restrictions. During this period, we received numerous requests from friends to assist them in managing their finances, get out of debt, and help them start side hustles. We noted with concern that financial literacy was a vital aspect of helping our friends meet their needs.

Further research showed that according to the World Bank 2020 report, The 22nd edition of the Kenya Economic Update, Navigating the Pandemic, “The economic and social disruptions induced by the COVID-19 (coronavirus) pandemic have eroded progress in poverty reduction in Kenya, forcing an estimated two million more Kenyans into poverty”. Additionally, based on the 2019 Financial Access (FinAccess) Household survey report “Borrowers are finding themselves locked in debt or losses due to lack of financial literacy on key aspects such as cost of borrowing.” The report also noted that, “the proportion of respondents relying on their own knowledge was 39.6 percent compared to 34.7 percent who relied on family and friends for financial advice”