Umba Expand Into Kenya
Umba, a digital bank built for Africa, has launched its banking services in Kenya, after previously operating only in Nigeria. The start-up aims to provide banking services for Africa's underserved market, with a low-fee, transparent platform that offers a range of services, including no-fee current accounts, low-cost payments, billpay, and loans. Umba recently acquired a majority shareholding in Daraja Microfinance Bank, allowing it to offer full banking services in Kenya. The company has strong backing from leading fintech investors, and has added experienced financial experts to its leadership team.