Umba
Digital bank, offering free bank accounts and financial services
Location: Nigeria
Website: https://www.umba.com/
Sector: Fintech
Funding Stage: Seed, Series A, M&A,
Total Funding ($m): 37
# of Founders: 2
Founding Year: 2018
Funding Year: 2024
| Year | Amount | Stage | Investors |
|---|---|---|---|
| 2020 | $2m | Seed | Act Venture Capital, Ludlow Ventures, Frontline Ventures and Angel investors |
| 2022 | $15m | Series A | ACT Ventures, Lux Capital, Palm Drive Capital, Banana Capital, Streamlined Ventures, Costanoa Ventures, Chandaria Capital, Angels Investors |
| 2024 | $20m | M&A | FairMoney |
Seed $2m
Act Venture Capital, Ludlow Ventures, Frontline Ventures and Angel investorsSeries A $15m
ACT Ventures, Lux Capital, Palm Drive Capital, Banana Capital, Streamlined Ventures, Costanoa Ventures, Chandaria Capital, Angels InvestorsM&A $20m
FairMoneyNews
https://techcrunch.com/2024/02/20/nigerian-digital-bank-fairmoney-in-talks-to-buy-umba-in-20m-all-stock-deal-sources-say/