Moniepoint Acquires Sumac Microfinance Bank to Enter Kenya
April 1, 2026
Moniepoint Inc. completed its acquisition of Sumac Microfinance Bank Limited, supported by approvals from the Central Bank of Kenya and the Competition Authority of Kenya. The deal gives Moniepoint a 78% majority stake in Sumac and is aimed at bringing Moniepoint’s integrated digital banking, payments, credit, and business management tools to Kenya’s underserved MSMEs.
- Buyers
- Moniepoint Inc.
- Targets
- Sumac Microfinance Bank Limited
- Sellers
- John Kibatha Njoroge
- Industry
- Financial Services
- Location
- Kenya
- Transaction Type
- Buyout
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