Africa Angel Investors Network

Funding Tracker    


Umba

Image

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: 1
Founding Year: 2018
Funding Year: 2020
YearAmountStageInvestors
2020$2mSeedAct Venture Capital, Ludlow Ventures, Frontline Ventures and Angel investors
2022$15mSeries AACT Ventures, Lux Capital, Palm Drive Capital, Banana Capital, Streamlined Ventures, Costanoa Ventures, Chandaria Capital, Angels Investors
2024$20mM&AFairMoney
Tiernan Kennedy, Barry O'Mahony, ,
Seed $2m
Act Venture Capital, Ludlow Ventures, Frontline Ventures and Angel investors

Series A $15m
ACT Ventures, Lux Capital, Palm Drive Capital, Banana Capital, Streamlined Ventures, Costanoa Ventures, Chandaria Capital, Angels Investors

M&A $20m
FairMoney


News

https://techcrunch.com/2024/02/20/nigerian-digital-bank-fairmoney-in-talks-to-buy-umba-in-20m-all-stock-deal-sources-say/