About Sumac Microfinance Bank
Sumac Microfinance Bank is a Financial Services company based in Nairobi (Kenya) founded in 2004, and was acquired by Moniepoint in June 2025. Microfinance services are extended to low-income clients in Kenya. Its chief executive, as recorded, is John Njihia. Sumac Microfinance Bank offers products and services including Business Loans, Savings Account, Agribusiness Loans, Trade Finance, and Forex Exchange. Its focus areas include Banks, Special Purpose Banks and Microfinance Banks. Its competitors include Platinum Credit, Maisha Bank and Faulu Kenya.
Company details
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.
- Headquarters Nairobi, Kenya
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website sumacmicrofinancebank.co.ke
- Social X Facebook
- Acquired by Moniepoint (Jun 2025)
- Legal Name Sumac Microfinance Bank
- Latest Funding Round$2M (USD), Debt – Conventional
Sep 2022
- InvestorsMoniepoint
& 1 more
- Acquired byMoniepoint
(Jun 2025)
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
- Total Rounds 1
- Last Round Debt – Conventional — $2M
- First Round $2M
(Sep 2022)
- Investors Count 1
All 1 funding rounds of Sumac Microfinance Bank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2022 | $2M | Debt – Conventional | – | – |
2 investors in total: 2 institutional.
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+.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| sparkafricafund.com | ||||
Integrated financial services are provided for businesses and individuals. | 2019 | moniepoint.com | London, United Kingdom |
Investor details for Sumac Microfinance Bank
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People of Sumac Microfinance Bank
1 people are tracked at Sumac Microfinance Bank (1 in leadership).
| Name | Role | Group |
|---|---|---|
John Njihia | CEO | Leadership |
Complete people profiles for Sumac Microfinance Bank
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Timeline of Sumac Microfinance Bank
3 dated milestones of Sumac Microfinance Bank across 21 years, from founding to its latest funding, stage changes and deals.
- Founded Sumac Microfinance Bank is founded.
- Funding First funding round of $2.0M.
- Exit Acquired by Moniepoint.
Competitors of Sumac Microfinance Bank
Sumac Microfinance Bank has 3 listed competitors in our database. They include Platinum Credit, Maisha Bank and Faulu Kenya.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| platinumcredit.co.ke | 2002 | Nairobi, Kenya | Microloans are provided to civil servants, TSC members, and employees. | |||
| maishabank.com | 2016 | Nairobi, Kenya | Microfinance bank | |||
| faulukenya.com | 1991 | Nairobi, Kenya | Provides microcredit services to support low-income individuals and businesses. |
Detailed competitors of Sumac Microfinance Bank
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Web traffic of Sumac Microfinance Bank
The website of Sumac Microfinance Bank (sumacmicrofinancebank.co.ke) receives about 1.7K visits a month.
- Monthly visits1.7K
▲ 81.3% vs previous month
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Related news about 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 CEO of Sumac Microfinance Bank, as recorded in our data.
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 Platinum Credit, Maisha Bank and Faulu Kenya.
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+.
Sumac Microfinance Bank operates through Sumac Microfinance Bank.
Yes. Sumac Microfinance Bank was acquired by Moniepoint in June 2025.