Moniepoint Inc. Enters Kenyan Market With Acquisition of Sumac Microfinance Bank
Strategic acquisition brings Moniepoint’s all-in-one digital financial services to Kenya’s underserved MSME segment Moniepoint Inc. (“Moniepoint”), Africa’s leading financial platform, announces the completion of its acquisition of Sumac Microfinance Bank Limited (“Sumac”). The transaction, approved by the Central Bank of Kenya and Competition Authority of Kenya, marks Moniepoint’s first major......
