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Umba
Nairobi, KE · Founded 2019 · 141 employees on LinkedIn · 17 known investors
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Umba is a digital bank for African consumers and small businesses that provides banking services, credit products, and payment solutions via mobile platforms. The company aims to increase financial inclusion across Africa by lowering costs and expanding access to banking services for underserved populations.
Founders & leadership
Umba was founded in 2019 by Barry O’Mahony.
Investors · 17
How we know: Act Venture Capital's portfolio page · Not right? Tell us
How we know: ACT Venture Capital's portfolio page · Not right? Tell us
How we know: open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Frontline Ventures's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Streamlined Ventures's portfolio page · africa.businessinsider.com · Not right? Tell us
How we know: TrueSight Ventures's portfolio page · Not right? Tell us
How we know: Two Culture Capital's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Valia Ventures's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: africa.businessinsider.com · Not right? Tell us
How we know: a partner's Signal profile · board seat on SEC Form D · africa.businessinsider.com · Not right? Tell us
How we know: open dataset · 5k.vc investor directory · Not right? Tell us
How we know: a partner's Signal profile · Not right? Tell us
How we know: africa.businessinsider.com · Not right? Tell us
How we know: africa.businessinsider.com · Not right? Tell us
How we know: press coverage · Not right? Tell us
How we know: the VCSheet dataset · Not right? Tell us
Also in the syndicate · 1
Funding
SEC filings, press & company announcements$20M disclosed across 2 of 3 rounds · 2020–2025
- $5MraisedApr 2025 · 2 sourcesSource ↗
- $15MSeries AApr 2022 · 2 sources
Costanoa Ventures (lead), ACT Ventures, Banana Capital, Lux Capital, Palm Drive Capital, Streamlined Ventures
Source ↗ - Undisclosed amountSeedDec 2020Source ↗
▶$15.5MraisedApr 2022 · Other TechnologyRule 506(b)
- Mark SelcowDirector
- Tiernan KennedyExecutive Officer, Director
- Barry O'MahonyExecutive Officer, Director
- Offering amount
- $15.5M
- Amount sold
- $15.5M
- Minimum investment
- $10K
- First sale
- Jan 2022
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
In the news
Frequently asked questions
- What does Umba do?
- Umba is a digital bank for African consumers and small businesses that provides banking services, credit products, and payment solutions via mobile platforms. The company aims to increase financial inclusion across Africa by lowering costs and expanding access to banking services for underserved populations.
- Who founded Umba?
- Umba was founded by Barry O’Mahony in 2019.
- Who are Umba's investors?
- Umba's investors include Act Venture Capital, ACT Venture Capital, Dunbar Capital, Frontline Ventures, Streamlined Ventures, TrueSight Ventures, Two Culture Capital, Valia Ventures and 8 more.
- How much funding has Umba raised?
- Umba has disclosed $20M raised across 2 of its 3 known rounds.
- Where is Umba headquartered?
- Umba is headquartered in Nairobi, KE.