About Umba
Umba is a company based in Nairobi (Kenya) founded in 2011 was acquired by FairMoney in February 2024. Umba has raised $17.82 million across 7 funding rounds from investors including Nubank, FairMoney and Star Strong Capital. Umba has completed 1 acquisition, including Daraja Microfinance Bank. Umba offers products and services including Umba Platform. Umba operates in a competitive market with competitors including Chime, Stash, Dave, Albert and Yotta, among others.
- Headquarter Nairobi, Kenya
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
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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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Total Equity Funding
$17.82 M (USD)
in 7 rounds
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Latest Funding Round
$5 M (USD), Debt – Conventional
Apr 09, 2025
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Investors
Nubank
& 14 more
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Employee Count
Not available
- Investments & Acquisitions
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Acquired by
FairMoney
(Feb 20, 2024)
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Products & Services of Umba
Umba offers a comprehensive portfolio of products and services, including Umba Platform.
Offers free trial access with no long-term commitments
People of Umba
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Funding Insights of Umba
Umba has successfully raised a total of $17.82M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $5 million completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Umba
Umba has secured backing from 15 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Nubank, FairMoney and Star Strong Capital.
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Venture capital firm focused on early stage fintech, data, AI, and security companies
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Seed and early-stage technology companies are funded by Lux Capital.
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Investor details for Umba
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Investments & Acquisitions by Umba
Umba has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Daraja Microfinance Bank.
Investment portfolio details for Umba
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Microfinance services are provided to underserved clients in Kenya.
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Complete acquisition details for Umba
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Financial Statements - Umba
Detailed financials for Umba
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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Umba Comparisons
Peer comparison for Umba
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Competitors of Umba
Umba 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 Chime, Stash, Dave, Albert and Yotta, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Digital banking services are offered to individuals via mobile apps.
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Automated investment and robo-advisory services are offered to individuals.
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Digital banking services are provided for easier financial management.
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Digital banking app is offered for savings, investing, and budgeting.
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Digital banking services for consumers are offered via mobile app.
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Detailed competitors of Umba
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Latest news on Umba
Complete news archive for Umba
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Frequently Asked Questions about Umba
Umba was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Umba is headquartered in Nairobi, Kenya.
Umba is a funded company, having raised a total of $17.82M across 7 funding rounds to date.
Umba was founded in 2011 and is headquartered in Nairobi, Kenya. Digital banking services are provided to individuals via an app-based platform compatible with Android and iOS devices. Core offerings include savings accounts, money transfers, cash withdrawals, consumer loans, and utility bill payments. Operations focus on the fintech sector, enabling accessible financial services in the region.
Umba offers Umba Platform.
Umba has made 1 acquisition, including Daraja Microfinance Bank.