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
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Umba
Umba offers a comprehensive portfolio of products and services, including Umba Platform. 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.
Offers free trial access with no long-term commitments
Unlock access to complete
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.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Debt – Conventional — $5.0M
- First Round First Round
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Debt – Conventional - Umba | Valuation |
investors |
|
| Oct, 2024 | Amount | Debt – Conventional - Umba | Valuation |
investors |
|
| Apr, 2022 | Amount | Series A - Umba | Valuation | Nubank , Costanoa |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
|
-
|
Founded Year | Domain | Location | |
|
Venture capital firm focused on early stage fintech, data, AI, and security companies
|
Founded Year | Domain | Location | |
|
Seed and early-stage technology companies are funded by Lux Capital.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Umba
Umba has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Daraja Microfinance Bank. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Microfinance services are provided to underserved clients in Kenya.
|
2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Umba
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Umba Comparisons
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. 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 |
Digital banking services are offered to individuals via mobile apps.
|
|
| domain | founded_year | HQ Location |
Automated investment and robo-advisory services are offered to individuals.
|
|
| domain | founded_year | HQ Location |
Digital banking services are provided for easier financial management.
|
|
| domain | founded_year | HQ Location |
Digital banking app is offered for savings, investing, and budgeting.
|
|
| domain | founded_year | HQ Location |
Digital banking services for consumers are offered via mobile app.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Umba
Frequently Asked Questions about Umba
When was Umba founded?
Umba was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Umba located?
Umba is headquartered in Nairobi, Kenya.
Is Umba a funded company?
Umba is a funded company, having raised a total of $17.82M across 7 funding rounds to date. The company's 1st funding round was a Series A of $15.52M, raised on Apr 13, 2012.
What does Umba do?
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.
What products or services does Umba offer?
Umba offers Umba Platform.
How many acquisitions has Umba made?
Umba has made 1 acquisition, including Daraja Microfinance Bank.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.