Umba is an African digital bank, offering free bank accounts and financial services to our customers.
Location: Kenya, Nairobi
Employees: 11-50
Total raised: $20M
Founded date: 2017
Investors 11
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Funding Rounds 2
| Date | Series | Amount | Investors |
| 17.04.2025 | - | $5M | - |
| 15.04.2022 | Series A | $15M | - |
Mentions in press and media 20
| Date | Title | Description |
| 15.06.2025 | BURN Secures US $5 Million Investment | BURN, Africa’s leading clean cookstove manufacturer, distributor, and carbon project developer, has secured a US $5 million investment from ElectriFI—the EU-funded Electrification Financing Initiative managed by EDFI Management Company—to a... |
| 15.06.2025 | EIB Global, Family Bank Launch $111 Million Financing to Empower Women & Youth Entrepreneurs | The European Investment Bank’s development arm, EIB Global, has joined forces with Kenya’s Family Bank to mobilize a combined €100 million (approx. US $111 million) credit facility aimed at boosting small and medium-sized enterprises (SMEs)... |
| 17.04.2025 | Umba, a Kenyan Digital Bank Secures $5 Million in Debt Financing | Umba, the Kenyan digital banking platform, has announced it has secured $5 million in debt financing to support its expansion plans and boost lending operations across Africa. The funding, provided by a consortium of global impact investors... |
| 16.04.2025 | Kenya’s Umba raised $5 M debt funding to expand digital banking operations | A US $5 million debt facility has been obtained by Kenya’s Umba, a prominent pan-African digital bank, from Star Strong Capital in order to expand its operations throughout the continent. With the goal of providing banking services to Afric... |
| 10.04.2025 | Umba's $5 Million Boost: A New Era for Digital Lending in Kenya | In the heart of Nairobi, a digital revolution is taking shape. Umba, a rising star in the fintech landscape, has secured a $5 million debt facility aimed at expanding its lending operations in Kenya. This funding is not just a financial boo... |
| 09.04.2025 | Digital bank Umba raises $5 million to grow vehicle and SME lending in Kenya | Umba, a Nairobi-headquartered digital bank with operations in Kenya and Nigeria, has raised a $5 million debt facility to grow its secured lending operations in Kenya, targeting vehicle financing and small and medium enterprises (SME) loans... |
| 17.04.2024 | Post-CEO exit, Cellulant appoints new leaders, shifts focus to profitability | Cellulant, the pan-African payments startup valued at $133 million in 2022, has named new executives three months after the CEO and four other senior managers left the company. While Peter O’Toole, the company’s former CFO, remains acting C... |
| 19.03.2024 | Branching Out: Oradian Leverages Nigerian Roots to Enable Regional Expansions for FinTechs. | The bustling streets of Lagos, hold a role model for innovation: Oradian, a core banking platform provider on a mission to empower financial institutions to expand their reach. Unlike competitors who parachute in from afar, Oradian has chos... |
| 03.03.2024 | When startups fail, these startups clean up | Welcome to TechCrunch Fintech (formerly The Interchange)! Apologies for being out last week — a cold got the best of me, but I’m back and here to talk about the fact that shutting down startups is big business, Stripe’s new valuation, Klarn... |
| 20.02.2024 | Nigerian digital bank FairMoney in talks to buy Umba in $20M all-stock deal, sources say | FairMoney, a digital bank based in Lagos and headquartered in Paris, is in discussions to acquire Umba, a credit-led digital bank providing payroll and financial services to customers in Nigeria and Kenya, in a $20 million all-stock deal, s... |
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