A licensed microfinance bank in Kenya offering SME loans, deposits, and money transfer services, with a significant market share.
Moniepoint Enters Kenya After Acquisition of Sumac Microfinance Bank
Moniepoint completed its acquisition of Sumac Microfinance Bank, securing a 78% majority stake. The acquisition was approved by the Central Bank of Kenya and the Competition Authority of Kenya.
After years of trying, Moniepoint breaks into Kenya with Sumac acquisition
Moniepoint secures entry into Kenya by acquiring a 78% stake in Sumac Microfinance Bank. The acquisition provides Moniepoint with immediate access to a deposit-taking license in Kenya.
Moniepoint gets approval to acquire 78% stake in Kenya’s Sumac after KopoKopo setback
Moniepoint has received approval from the Competition Authority of Kenya to acquire a 78% stake in Sumac Microfinance Bank. The acquisition will allow Moniepoint to enter Kenya's regulated banking sector.
