The deal marks the company’s first significant purchase in Africa and its formal entry into the East African region.

Nigeria’s Moniepoint has entered Kenya’s financial market after acquiring a 78 percent stake in Sumac Microfinance Bank, a ...

Africa's leading financial platform, today announces the completion of its acquisition of Sumac Microfinance Bank Limited ...

Nigerian fintech unicorn Moniepoint has completed the acquisition of a 78% stake in Sumac Microfinance Bank, ending a years-long push by the company to break into Kenya's financial services market.

The Nigerian business-banking startup and one of the technology giants, Moniepoint Inc., has finished the acquisition of a 78 ...

Africa's all-in-one financial platform, announces the completion of its acquisition of Sumac Microfinance Bank Limited ("Sumac"), a Central Bank of Kenya-licensed microfinance institution.