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

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

The Nigerian business-banking startup and one of the technology giants, Moniepoint Inc., has finished the acquisition of a 78% stake ...

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.