Tech Company Financing Transactions

Umba Funding Round

On 4/13/2022, Umba landed $15 million in Series A funding from Costanoa Venture Capital, Banana Capital and private investors.

Transaction Overview

Company Name
Announced On
4/13/2022
Transaction Type
Venture Equity
Amount
$15,000,000
Round
Series A
Proceeds Purpose
the new funding will allow the company to test this out as it prepares to launch in new markets, including Egypt, Ghana and Kenya, where mobile money is prominent.

Company Information

Company Status
Private & Independent
Industry
FinTech
Mailing Address
Undisclosed
Nigeria, Undisclosed
Kenya
Phone
Undisclosed
Email Address
Not Recorded
Overview
Developer of a digital banking platform intended to provide an ecosystem of connected financial services. The company's platform lets users apply, receive and repay microloans through their mobile phone while using machine learning to underwrite using a risk score, enabling users to have financial access and clients to optimize risk exposures in emerging markets.
Profile
Umba LinkedIn Company Profile
Social Media
Umba Company Twitter Account
Company News
Umba News
Facebook
Umba on Facebook
YouTube
Umba on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Tiernan Kennedy
  Tiernan Kennedy LinkedIn Profile  Tiernan Kennedy Twitter Account  Tiernan Kennedy News  Tiernan Kennedy on Facebook
Chief Financial Officer
Barry O'Mahony
  Barry O'Mahony LinkedIn Profile  Barry O'Mahony Twitter Account  Barry O'Mahony News  Barry O'Mahony on Facebook
Chief Technical Officer
Tej Sidhu
  Tej Sidhu LinkedIn Profile  Tej Sidhu Twitter Account  Tej Sidhu News  Tej Sidhu on Facebook


 

 

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We do our best to record every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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