Umba
Latest round
- Series A
Last raised
- Jan 2022
Total raised
- $17M
Investors
- 16
About Umba
Umba Inc.Founded in 2019, Umba Inc. operates as a fintech firm focused on delivering financial products and services in Nairobi, Kenya.Umba offers a comprehensive suite of financial products and services tailored for both businesses and individual users in Kenya and Nigeria. The core offerings include savings accounts with competitive interest rates of up to 20% per annum, logbook car loans allowing customers to access loans of up to 70% of their car's value within six hours, asset-backed loans for vehicle purchases, and installment loans with payback periods of up to 12 months. Additionally, Umba provides automated payroll services for businesses, enabling accurate employee compensation and compliance, as well as effective employee management tools. These services are designed to address various financial needs, fostering secure spending, saving, and lending.Umba generates revenue through its diverse financial product offerings, structured to facilitate transactions between the firm and its clients. The company operates on a transactional basis where customers pay for services such as logbook loans, which provide instant cash in exchange for the vehicle's title, and asset finance solutions for vehicle purchases. Additionally, the company's savings accounts yield interest, contributing to its revenue model. For business clients, Umba’s automated payroll service and employee management solutions streamline financial processes, enhancing operational efficiency.In April 2025, Umba Inc.
Who invested in Umba
16 investors across 3 rounds
See all investors in Umba
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Questions about Umba
Who invested in Umba?
Umba has 16 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Umba raised?
Umba has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Umba last raise money?
Umba's most recent round on record is a Series A, in Jan 2022.
What does Umba do?
Umba is a financial services company.
Where is Umba headquartered?
Umba is headquartered in Nairobi, Kenya.
Which VCs invest in companies like Umba?
Among active investors with capital left to deploy, Al Mada Innovation, DisrupTech Ventures, AXIAN Investment and Chui Ventures back financial services companies at Umba's stage. Their profiles are linked below.
VCs backing financial services startups at Series A
Raising like Umba? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.