US-based fintech Umba buys majority stake in Kenya’s Daraja microfinance bank - TechCrunch

The acquisition gives Umba access to existing financial services clientele, and permits them to offer additional banking services.

Umba, a U.S.-based digital bank with a focus on emerging markets, has acquired a majority share of Daraja, a Kenyan deposit-taking microfinance bank, for an undisclosed amount. Kenyas monetary autho… [+2130 chars]

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