Africa Angel Investors Network

Funding Tracker                 


Umba

Image

Digital bank, offering free bank accounts and financial services


Location: Nigeria
Website: https://www.umba.com/
Sector: Fintech
Funding Stage: Seed, Series A, M&A, Debt,
Total Funding ($m): 42
# of Founders: 1
Founding Year: 2018
Funding Year: 2020
Status: Active
YearAmountStageInvestors
2020$2mSeedAct Venture Capital, Ludlow Ventures, Frontline Ventures and Angel investors
2022$15mSeries AACT Ventures, Lux Capital, Palm Drive Capital, Banana Capital, Streamlined Ventures, Costanoa Ventures, Chandaria Capital, Angels Investors
2024$20mM&AFairMoney
2025$5mDebtStar Strong Capital
Tiernan Kennedy, Barry O’Mahony, ,
Seed $2m
Act Venture Capital, Ludlow Ventures, Frontline Ventures and Angel investors

Series A $15m
ACT Ventures, Lux Capital, Palm Drive Capital, Banana Capital, Streamlined Ventures, Costanoa Ventures, Chandaria Capital, Angels Investors

M&A $20m
FairMoney

Debt $5m
Star Strong Capital


News
https://launchbaseafrica.com/2025/04/09/kenyan-fintech-umba-secures-5-million-in-debt-financing-to-scale-in-africa/