About Sumac Microfinance Bank
Sumac Microfinance Bank is a company based in Nairobi (Kenya) founded in 2004 was acquired by Moniepoint in June 2025.. Sumac Microfinance Bank offers products and services including Business Loans, Savings Account, Agribusiness Loans, Trade Finance, and Forex Exchange. Sumac Microfinance Bank operates in a competitive market with competitors including Gojo, Platinum Credit, Maisha Bank, Faulu Kenya and ECLOF Kenya, among others.
- Headquarter Nairobi, Kenya
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Sumac Microfinance Bank
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$2 M (USD), Debt – Conventional
Sep 13, 2022
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Investors
Moniepoint
& 1 more
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Employee Count
Employee Count
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Acquired by
Moniepoint
(Jun 04, 2025)
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Products & Services of Sumac Microfinance Bank
Sumac Microfinance Bank offers a comprehensive portfolio of products and services, including Business Loans, Savings Account, Agribusiness Loans, Trade Finance, and Forex Exchange. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Loans for business expansion and operations in various sectors
Account for secure savings with potential interest earnings
Loans targeted at farming and agricultural enterprises
Services for securing trade bonds and project financing
Exchange services for international transactions and trade
Funding Insights of Sumac Microfinance Bank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $2.0M
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First Round
First Round
(13 Sep 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2022 | Amount | Debt – Conventional - Sumac Microfinance Bank | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sumac Microfinance Bank
Sumac Microfinance Bank has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Moniepoint and Spark+. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Integrated financial services are provided for businesses and individuals.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sumac Microfinance Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Sumac Microfinance Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sumac Microfinance Bank Comparisons
Competitors of Sumac Microfinance Bank
Sumac Microfinance Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Gojo, Platinum Credit, Maisha Bank, Faulu Kenya and ECLOF Kenya, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Microcredit is extended to individuals and businesses in need.
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| domain | founded_year | HQ Location |
Microloans are provided to civil servants, TSC members, and employees.
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| domain | founded_year | HQ Location |
Microfinance bank
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| domain | founded_year | HQ Location |
Provides microcredit services to support low-income individuals and businesses.
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| domain | founded_year | HQ Location |
Microcredit is extended to micro, small, and medium entrepreneurs.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sumac Microfinance Bank
Frequently Asked Questions about Sumac Microfinance Bank
When was Sumac Microfinance Bank founded?
Sumac Microfinance Bank was founded in 2004 and raised its 1st funding round 18 years after it was founded.
Where is Sumac Microfinance Bank located?
Sumac Microfinance Bank is headquartered in Nairobi, Kenya.
Who is the current CEO of Sumac Microfinance Bank?
John Njihia is the current CEO of Sumac Microfinance Bank.
What does Sumac Microfinance Bank do?
Sumac Microfinance Bank was established in 2004 and is headquartered in Nairobi, Kenya. Operations are focused on the microfinance sector, where small loans, savings accounts, and basic financial products are provided to underserved individuals and small enterprises. Services are tailored to support economic inclusion in rural and urban areas across Kenya, with regulatory compliance maintained under local banking standards. Leadership is provided by CEO John Njihia.
Who are the top competitors of Sumac Microfinance Bank?
Sumac Microfinance Bank's top competitors include Gojo, Platinum Credit and Century Microfinance Bank.
What products or services does Sumac Microfinance Bank offer?
Sumac Microfinance Bank offers Business Loans, Savings Account, Agribusiness Loans, Trade Finance, and Forex Exchange.
Who are Sumac Microfinance Bank's investors?
Sumac Microfinance Bank has 2 investors. Key investors include Moniepoint, and Spark+.
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