Company Overview
Digital bank, offering free bank accounts and financial services
Company History
Umba was founded in 2018. Public founder information in the source set points to Tiernan Kennedy, Barry O'Mahony. Its latest captured funding/news event in the source set was in 2024, recorded as M&A.
Key Facts
| Country | Nigeria |
| Founded | 2018 |
| Founders | Tiernan Kennedy, Barry O'Mahony |
| Sector | Fintech |
| Operational Status | Appears active |
| Latest Round | M&A, 2024, $20M |
| Total Disclosed Funding | $37M |
| Website | https://www.umba.com/ |
Business Model
Umba appears to operate a product-led business model in the Fintech sector. Based on public descriptions, it generates value through technology-enabled services, software, marketplace access, operations, or financial infrastructure.
Products and Services
- Digital payments
- Banking or treasury tools
- Merchant or API infrastructure
- Embedded finance
Funding and Market Position
Public deal records in the source set show 3 disclosed funding event(s), with about $37M captured in total. The most recent event is recorded as M&A, 2024, $20M.
Contact Information
The most reliable public contact channel in the source set is the official website: https://www.umba.com/. Public phone numbers and public support emails were not consistently available at scale, so the website/contact form is the best public route.
Company Location
Operational Status
Latest public funding/news source in 2024 suggests the startup was operating at that time. Status recorded here is a best-effort assessment as of March 21, 2026.
Why This Startup Matters
As a Nigerian startup in the Fintech space, Umba matters because it addresses local market problems with a scalable digital product or operational model.
Sources
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