Corporate

Kenyan mobile digital bank Umba raises $2m seed funding

Kenyan mobile digital bank Umba raises $2m seed funding

Kenya-based digital bank for emerging markets Umba has raised a US$2 million seed funding round to help it expand product capabilities. The startup with currently operates in Kenya and Nigeria raised from new investors including Lachy Groom, ex-Head of Issuing at Stripe; Ludlow Ventures; Frontline Ventures and Act Venture Capital. Umba says it provides an […]
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Co-op Bank, Thunes partner to launch Global Money Transfer Solution

Co-op Bank, Thunes partner to launch Global Money Transfer Solution

Co-operative Bank of Kenya (Co-op Bank) has partnered with Thunes, a cross-border payment provider, to launch an alternative global money transfer solution dubbed Co-opRemit. Co-opRemit streamlines the process of real-time money transfers particularly within Africa, allowing Co-op Bank customers in Kenya to move funds across the world quickly at an affordable rate. Customers may send […]
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