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 Mar 31, 2026, the latest employee count at Umba is 137.

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 13th amongst 730 active competitors, of which 55 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Stash, which secured $187M in May, 2025.

Who are the top competitors of Umba?

Umba's top competitors include Monzo, Revolut and Chime. Among them, Stash secured the most recent funding round in May, 2025.

Umba - 2026 Company Profile, Team, Funding & Competitors

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

13^th among 730 active competitors

Employee Count

137 as on Mar 31, 2026

Investment & Acquisitions

Daraja Microfinance Bank

Similar Companies

Chime & 490 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	8650809	Venture Debt	5588921	6700776	5166656	9547559
Oct 02, 2024	7357751	Venture Debt	6097825	1135819	6426618	Star Strong Capital
Apr 13, 2022	3245146	Series A	5420853	8790690	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 137 employees as of Mar 26. Here is Umba's employee count trend over the years:

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Top competitors of Umba include Monzo, Revolut 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	Monzo 2015, London (United Kingdom), Series I	Provider of digital banking services including accounts payments, savings and investments	$1.9B	General Catalyst, Passion Capital & 63 others	84/100
2nd	Revolut 2015, London (United Kingdom), Series E	Provider of banking solutions for retail customers and businesses	$1.99B	Balderton Capital, TCV & 139 others	83/100
3rd	Chime 2012, San Francisco (United States), Public	Digital bank for individuals	$3.15B	DST Global, Access Industries & 54 others	80/100
4th	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	80/100
5th	Albert 2015, Los Angeles (United States), Series C	All-in-one money app for budgeting, saving, spending, and investing	$174M	Financial Solutions Lab, 500 Global & 21 others	78/100
6th	Green Dot 1999, Pasadena (United States), Acquired	Provider of mobile banking services, debit cards, and related financial products	$109M	TCV, Millennium Technology Value Partners ... & 6 others	77/100
7th	Varo 2015, San Francisco (United States), Series G	Digital bank for individuals	$1.12B	Warburg Pincus, The Rise Fund & 41 others	74/100
8th	Current 2015, New York City (United States), Series D	Provider of banking services, paycheck advances, credit building, and crypto trades	$588M	QED Investors, Wellington & 25 others	73/100
9th	Stash 2015, New York City (United States), Series H	Automated investment and robo-advisory platform	$747M	Goodwater Capital, Union Square Ventures ... & 21 others	72/100
10th	Bancorp 2000, Wilmington (United States), Public	Payment card issuing and processing solutions for businesses	-	Batterson Venture Capital, Endicott Group ... & 3 others	71/100
13th	Umba 2011, Nairobi (Kenya), Acquired	Provider of digital banking solutions for individuals	$17.8M	Lux Capital, Frontline Ventures & 18 others	58/100