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Umba

Nairobi, KE · Founded 2019 · 141 employees on LinkedIn · 14 known investors

Find your way into Umba

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.

Fintech

Founders & leadership

Umba was founded in 2019 by Barry O’Mahony.

BO
Barry O’MahonyFounder

Investors · 14

Act Venture CapitalDublin
ACT Venture CapitalDublin · $1.1M – $16.2M
Dunbar CapitalCambridge · $25K – $1M
Frontline VenturesSan Francisco · $540K – $3.2M
Streamlined VenturesPalo Alto · $100K – $1M
Valia VenturesLondon · $50K – $50M
Banana CapitalreportedSeattle · $25K – $250K
Costanoa Venturesreported · 3 sourcesSan Francisco · $500K – $8M
Ludlow VenturesreportedOak Park · $50K – $1M
Lux CapitalreportedNew York · $100K – $100M
Palm Drive CapitalreportedNew York · $500K – $5M
Star Strong Capitalreported
The FundreportedAustin · $50K – $250K

Also in the syndicate · 1

ACT Ventures

Funding

SEC filings, press & company announcements

$20M disclosed across 2 of 3 rounds · 2020–2025

Source: company announcements and press reports — follow each round's link for the claim.

In the news

Dabafinance - Digital Bank Umba Raises $5M to Expand Secured Lending in Kenyadabafinance.com · Apr 2025Umba raises $5 million to grow vehicle and SME lending in Kenyatechcabal.com · Apr 2025Nigerian digital bank Umba raises $15m Series A fundingfintechfutures.com · Apr 2022African digital banking platform Umba raises $15 million Series A to deliver accessible, transparent banking to underserved markets | Business Insider Africaafrica.businessinsider.com · Apr 2022Umba, a digital bank for emerging markets, raises $2M Seed funding to expand across Africa | TechCrunchtechcrunch.com · Dec 2020

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, Valia Ventures, Banana Capital, Costanoa Ventures and 5 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.