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vs 
Ndovu vs Sarwa: fees, markets and protection
Facts for both companies from their official pages; each was checked on the date shown in its review.
Facts verified on October 18, 2026
Key differences
- Only Ndovu is licensed by CMA (Kenya), CMA (Rwanda), and CMA (Uganda).
- Only Sarwa is licensed by FSRA (ADGM).
- Only Ndovu supports M-Pesa for deposits and withdrawals.
Side by side
| Criterion | Ndovu | Sarwa |
|---|---|---|
| Rating | ||
| Regulators | CMA (Kenya), CMA (Rwanda), CMA (Uganda) | FSRA (ADGM) |
| Markets | US exchanges (NYSE, Nasdaq) | US exchanges (NYSE, Nasdaq) |
| Products | stocks, ETFs, fractional shares, funds | stocks, ETFs, fractional shares |
| US stock or ETF order | 4.5% of the order | 0.25% of the order, minimum $1 |
| Deposits and withdrawals | M-Pesa, Bank transfer | Bank transfer |
| Available only in | Kenya | — |
| Founded | 2021 | — |
| Headquarters | Kenya | — |
| Minimum deposit | — | $500 |
| Read review | Read review |
Frequently asked questions
Which regulators license Ndovu and Sarwa?
Ndovu is licensed by CMA (Kenya), CMA (Rwanda), and CMA (Uganda); Sarwa by FSRA (ADGM).
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