When was Umba founded?

Umba was founded in 2011 and raised its 1st funding round 1 year after it was founded.

Where is Umba located?

Umba is headquartered in Nairobi, Kenya.

How many employees does Umba have?

As of Sep 30, 2026, the latest employee count at Umba is 143.

Is Umba a funded company?

Umba is a funded company, having raised a total of $17.8M across 7 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 13, 2012.

When was the latest funding round of Umba?

Umba's latest funding was a $***** Venture Debt round on Apr 09, 2025, with participation from 1 investor.

Where does Umba rank among its competitors?

Umba ranks 74th amongst 1501 active competitors, of which 148 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was TONIK, which secured an undisclosed amount in Jun, 2026.

Who are the top competitors of Umba?

Umba's top competitors include Nubank, Monzo and Chime. Among them, TONIK secured the most recent funding round in June, 2026.

Umba - 2026 Company Profile, Team, Funding & Competitors

Umba is an acquired company based in Nairobi (Kenya), founded in 2011 by Barry O Mahony and Tiernan Kennedy. It operates as a Provider of digital banking solutions for individuals. Umba has raised $17.8M in funding from investors like Act Venture Capital, Ludlow Ventures and Frontline Ventures. The company has 1501 active competitors, including 148 funded and 95 that have exited. Its top competitors include companies like Nubank, Monzo and Chime.

Company Details

Provider of digital banking solutions for individuals. It offers multiple services including savings accounts, money transfers, cash withdrawals, consumer loans, utility bill payments, and more. It provides an app-based platform that is available on Android and iOS devices.

Website: umba.com/kenya
Social
Email ID: *****@umba.com

Key Metrics

Founded Year

2011

Location

Nairobi, Kenya

Stage

Acquired

Total Funding

$17.8M in 7 rounds

Latest Funding Round

Venture Debt, Apr 09, 2025, $*****

Investors

Act Venture Capital & 19 more

Ranked

74^th among 1501 active competitors

Employee Count

143 as on Sep 30, 2026

Investment & Acquisitions

Daraja Microfinance Bank

Similar Companies

Chime & 454 more

Exit Details

Acquired by FairMoney (Feb 20, 2024)

View Umba's full profile

Umba got acquired by FairMoney on Feb 20, 2024.

Click here to take a look at Umba's acquisition in detail

Umba has raised a total funding of $17.8M over 7 rounds. Its first funding round was on Apr 13, 2012. Its latest funding round was a Venture Debt round on Apr 09, 2025 for $*****. 1 investor participated in its latest round. Umba has 18 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Umba:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 09, 2025	1688538	Venture Debt	5091467	6227737	6880964	6308932
Oct 02, 2024	3326117	Venture Debt	4045843	5573036	5853272	Star Strong Capital
Apr 13, 2022	1244388	Series A	9860601	2808151	Nubank & 6 more	Tom Blomfield

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View details of Umba's funding rounds and investors

The founders of Umba are Barry O Mahony and Tiernan Kennedy.

Here are the details of Umba's key team members:

Barry O Mahony: Co-Founder of Umba.
Tiernan Kennedy: Co-Founder of Umba.
Contact Info: 1 email address

View details of Umba's Founder profiles and Board Members

Umba's employee count trend

Umba has 143 employees as of Sep 26. Here is Umba's employee count trend over the years:

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Top competitors of Umba include Nubank, Monzo and Chime. Here is the list of Top 10 competitors of Umba, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Nubank 2013, Sao Paulo (Brazil), Public	Provider of digital banking services, including credit cards and accounts	$2.27B	DST Global, Sequoia Capital & 39 others	89/100
2nd	Monzo 2015, United Kingdom, Series I	Provider of digital banking services including savings accounts and loans	$2.41B	Passion Capital, General Catalyst & 65 others	84/100
3rd	Chime 2012, San Francisco (United States), Public	Digital bank for individuals	$3.15B	DST Global, Access Industries & 57 others	83/100
4th	Revolut 2015, London (United Kingdom), Series E	Provider of banking solutions for retail customers and businesses	$1.99B	Balderton Capital, TSG Consumer Partners ... & 149 others	82/100
5th	Starling Bank 2014, London (United Kingdom), Series D	Provider of digital banking services including savings and payment accounts	$1.01B	Merian Global Investors, Goldman Sachs & 35 others	83/100
6th	Dave 2016, Los Angeles (United States), Public	Developer of a mobile banking application offering financial management tools	$63.6M	Norwest, Financial Solutions Lab & 18 others	81/100
7th	Atom bank 2014, Blyth (United Kingdom), Series F	Provider of digital savings accounts mortgages and commercial business loans	$852M	BBVA, Toscafund Asset Management & 18 others	80/100
8th	Green Dot 1999, Pasadena (United States), Acquired	Provider of mobile banking services, debit cards, and related financial products	$109M	Millennium Technology Value Partners, Tenaya Capital ... & 6 others	79/100
9th	N26 2013, Berlin (Germany), Series E	Provider of mobile banking services, including savings, investment, and crypto	$1.72B	Valar Ventures, Allianz X & 49 others	78/100
10th	TONIK 2018, Singapore (Singapore), Series B	Provider of digital banking services including savings accounts and loans	$187M	Mizuho Financial Group, Peak XV Partners ... & 49 others	78/100
74th	Umba 2011, Nairobi (Kenya), Acquired	Provider of digital banking solutions for individuals	$17.8M	Frontline Ventures, Costanoa & 18 others	60/100