Sumac Microfinance Bank - About the company
Sumac Microfinance Bank is an acquired company based in Nairobi (Kenya), founded in 2004. It operates as a Microfinance bank. Sumac Microfinance Bank has raised an undisclosed amount in funding. The company has 12 active competitors, including 6 that have exited. Its top competitors include companies like Kenya Women Microfinance Bank, Maisha Bank and Caritas MFB.
Company Details
- Website
- sumacmicrofinancebank.co.ke
- Social
- Email ID
- *****@sumacmicrofinancebank.co.ke
- Phone Number
- +254 **********
Key Metrics
Founded Year
2004
Location
Nairobi, Kenya
Stage
Acquired
Latest Funding Round
Investors
Ranked
1st among 12 active competitors
Employee Count
73 as on Aug 31, 2026
Similar Companies
Exit Details
Acquired by Moniepoint (Jun 04, 2025)
Sumac Microfinance Bank's acquisition details
Sumac Microfinance Bank got acquired by Moniepoint on Jun 04, 2025.
Click here to take a look at Sumac Microfinance Bank's acquisition in detail
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Sumac Microfinance Bank's funding and investors
Sumac Microfinance Bank has raised funding over 1 round. Its latest funding round was a Conventional Debt round on Sep 13, 2022 for $*****. 1 investor participated in its latest round. Sumac Microfinance Bank has 2 institutional investors.
Here is the list of recent funding rounds of Sumac Microfinance Bank:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 13, 2022 | 2461458 | Conventional Debt | 3601050 | 5755088 | 2286816 | 7882459 |
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Sumac Microfinance Bank's founders and board of directors
Founder? Claim ProfileSumac Microfinance Bank's employee count trend
Sumac Microfinance Bank has 73 employees as of Aug 26. Here is Sumac Microfinance Bank's employee count trend over the years:
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Sumac Microfinance Bank's Competitors and alternates
Top competitors of Sumac Microfinance Bank include Kenya Women Microfinance Bank, Maisha Bank and Caritas MFB. Here is the list of Top 10 competitors of Sumac Microfinance Bank, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Sumac Microfinance Bank 2004, Nairobi (Kenya), Acquired | Microfinance bank | - | 43/100 | |
2nd | Kenya Women Microfinance Bank 2008, Nairobi (Kenya), Funding Raised | Chains providing microfinance banking services including savings and loan products | - | 38/100 | |
3rd | Maisha Bank 2016, Nairobi (Kenya), Acquired | Microfinance bank | - | - | 31/100 |
4th | _1524717943846.png?devicePixelRatio=2&height=30&width=30){kind=logo} Caritas MFB 1983, Nairobi (Kenya), Unfunded | Microfinance bank | - | - | 31/100 |
5th | SMEP Microfinance Bank is a dynamic Christian bank that seeks to transform lives by helping Kenyans secure and grow their finances through innovative offerings | - | - | 30/100 | |
6th | Micro-finance bank | - | 28/100 | ||
7th |  Uwezo MFBank 2008, Nairobi (Kenya), Acquired | Provider of microfinance bank | - | - | 27/100 |
8th | Choice Microfinance Bank 2015, Nairobi (Kenya), Acquired | Provider of microfinance bank | - | - | 26/100 |
9th |  Daraja Microfinance Bank 2014, Nairobi (Kenya), Acquired | Microfinance bank | - | - | 23/100 |
10th | U&I Microfinance 2007, Nairobi (Kenya), Unfunded | Microfinance bank | - | - | 22/100 |
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Sumac Microfinance Bank's Investments and acquisitions
Sumac Microfinance Bank has made no investments or acquisitions yet.
Reports related to Sumac Microfinance Bank
Here is the latest report on Sumac Microfinance Bank's sector:
News related to Sumac Microfinance Bank
Media has covered Sumac Microfinance Bank for a total of 2 events in the last 1 year.
•
Moniepoint Acquires 78% of Kenya’s Sumac in East Africa ExpansionTechMoran•Mar 25, 2026•Moniepoint, Sumac Microfinance Bank
•
Moniepoint Acquires 78% Stake in Sumac Microfinance Bank in KenyaInnovation-village•Jun 03, 2025•Moniepoint, Sumac Microfinance Bank
•
To Fund Biogas Digesters, Cookstoves in Kenya, Sumac Microfinance Bank Borrows $2m from Spark+ AfricaMicroCapital•Oct 14, 2022•Sumac Microfinance Bank, Spark+
•
Spark+ Provides USD 2 Million to Sumac Microfinance Bank to Grow its Clean Cooking Portfolio in KenyaPRWeb•Sep 14, 2022•Spark+, Sumac Microfinance Bank
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