Umba
Nairobi, KE · Founded 2019 · 141 employees on LinkedIn · 11 known investors
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.
Investors · 11
Dunbar CapitalCambridge · $25K – $1M
Frontline VenturesSan Francisco · $540K – $3.2M
Streamlined VenturesPalo Alto · $100K – $1M
Valia VenturesLondon · $50K – $50M
Banana CapitalreportedSeattle · $1 – $250K
Costanoa VenturesreportedSan Francisco · $500K – $8M
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 rounds · 2022–2025
- $5MraisedApr 2025 · 2 sourcesSource ↗
- $15MSeries AApr 2022 · 2 sources
Costanoa Ventures (lead), ACT Ventures, Banana Capital, Lux Capital, Palm Drive Capital, Streamlined Ventures
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
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 are Umba's investors?
- Umba's investors include Dunbar Capital, Frontline Ventures, Streamlined Ventures, Valia Ventures, Banana Capital, Costanoa Ventures, Lux Capital, Palm Drive Capital and 2 more.
- How much funding has Umba raised?
- Umba has disclosed $20M raised across 2 rounds.
- Where is Umba headquartered?
- Umba is headquartered in Nairobi, KE.