Sumac Microfinance Bank
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A licensed microfinance bank in Kenya offering SME loans, deposits, and money transfer services, with a significant market share.
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Moniepoint gets approval to acquire 78% stake in Kenya’s Sumac after KopoKopo setback
TechCabal - Jun 02, 2025
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.
Competition Authority of KenyaCentral Bank of KenyaKopoKopoSumac Microfinance BankMoniepoint
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