WapiPay, a Kenyan fintech startup focused on digitising cross-border payments and remittances between Africa and Asia, has launched a credit scoring tool for Kenyan commercial banks, which it says will help lenders use diaspora remittances to make loan decisions for millions of households that rely on money sent by relatives abroad. Founded in 2019 by Eddie Ndichu and his brother Paul Ndichu as an international money transfer and foreign exchange provider, the startup is betting on its Remittance Credit Scorecard (RCS) tool to analyse money transfer patterns of financial institutions to factor that into lending decisions. “For too long, the regularity of remittance inflows has been ignored by traditional credit algorithms,” Eddie Ndichu told TechCabal on the sidelines of the Africa Tech ...