Africa Angel Investors NetworkUmba
A digital bank operating in Kenya and Nigeria, providing innovative financial solutions for individuals and businesses. It aims to bridge the financial inclusion gap by offering accessible and affordable banking services.
Location: Kenya
Website: https://www.umba.com/
Sector: Finance
Funding Stage: Seed, Series A, M&A, Debt,
Total Funding ($m): 42
# of Founders: 2
Founding Year: 2018
Funding Year: 2025
Status: Active
| 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 |
| 2025 | $5m | Debt | Star Strong Capital |
 | Co-Founder & CEO  |