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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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
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+.
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Integrated financial services are provided for businesses and individuals.
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Investor details for Sumac Microfinance Bank
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Investments & Acquisitions by Sumac Microfinance Bank
Investment portfolio details for Sumac Microfinance Bank
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Financial Statements - Sumac Microfinance Bank
Detailed financials for Sumac Microfinance Bank
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Sumac Microfinance Bank Comparisons
Peer comparison for Sumac Microfinance Bank
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Microcredit is extended to individuals and businesses in need.
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Microloans are provided to civil servants, TSC members, and employees.
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Microfinance bank
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Provides microcredit services to support low-income individuals and businesses.
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Microcredit is extended to micro, small, and medium entrepreneurs.
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Detailed competitors of Sumac Microfinance Bank
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Latest news on Sumac Microfinance Bank
Complete news archive for Sumac Microfinance Bank
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Frequently Asked Questions about Sumac Microfinance Bank
Sumac Microfinance Bank was founded in 2004 and raised its 1st funding round 18 years after it was founded.
Sumac Microfinance Bank is headquartered in Nairobi, Kenya.
John Njihia is the current CEO of Sumac Microfinance Bank.
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.
Sumac Microfinance Bank's top competitors include Gojo, Platinum Credit and Century Microfinance Bank.
Sumac Microfinance Bank offers Business Loans, Savings Account, Agribusiness Loans, Trade Finance, and Forex Exchange.
Sumac Microfinance Bank has 2 investors. Key investors include Moniepoint, and Spark+.