The deal marks the company’s first significant purchase in Africa and its formal entry into the East African region.

Africa's leading financial platform, today announces the completion of its acquisition of Sumac Microfinance Bank Limited ...

Nigerian fintech unicorn Moniepoint has completed the acquisition of a 78% stake in Sumac Microfinance Bank, ending a years-long push by the company to break into Kenya's financial services market.

Africa's all-in-one financial platform, announces the completion of its acquisition of Sumac Microfinance Bank Limited ("Sumac"), a Central Bank of Kenya-licensed microfinance institution.