“The typical legacy bank isn’t a technology company. They are purchasing a core banking system from a vendor that sells to banks around the world.” That statement by Tiernan Kennedy, CEO at Umba, a digital bank for emerging markets, is his description of the legacy...
In today’s top Europe, Middle East and Africa (EMEA) news, Nexo launches a cryptocurrency Mastercard, while Umba closes a $15 million Series A fundraising round. Plus, French B2B payments firm Libeo launches in the U.K., crypto wallet startup Dfns raises $13.5 million, and Microsoft Corp....
African digital bank Umba on Wednesday (April 13) closed a $15 million Series A fundraising round that will help the platform continue its growth in existing African markets and allow it to expand into new ones, with an eye on meeting the needs of underserved...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes the debut of Hong Kong’s MeReal Biometrics Keyper smart fingerprint card. Ireland’s FinTech Umba has notched funding from two venture capital firms, Malaysia’s Maybank has implemented a SWIFT global...
February 20, 2024
FairMoney, a digital bank based in Lagos and headquartered in Paris, is reportedly in talks to acquire Umba, a digital bank operating in Nigeria and Kenya. The talks involve a $20 million all-stock deal, but negotiations are in their early stages, TechCrunch reported Tuesday (Feb. 20), citing unnamed sources. Neither FairMoney nor Umba immediately replied […]
April 13, 2022
African digital bank Umba on Wednesday (April 13) closed a $15 million Series A fundraising round that will help the platform continue its growth in existing African markets and allow...
