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  • U.S. Fintech Company Umba Acquires Majority Stake In Kenyan Microfinance Bank Daraja

    U.S. Fintech Company Umba Acquires Majority Stake In Kenyan Microfinance Bank Daraja

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    Lucas Peterson

    Umba, a U.S.-based digital bank focused on emerging markets, has acquired a majority stake in Daraja, a Kenyan deposit-taking microfinance bank, for an undisclosed amount. Kenya’s monetary authority, the Central Bank of Kenya (CBK), said Umba had acquired a 66.6% stake, which is expected to accelerate Daraja’s digitization.