Nigerian fintech company focused on mobile payments and financial services, aiming to expand its operations in Kenya.
Why M-KOPA is using smartphone repayments to expand digital lending
M-KOPA has served nearly 10 million customers and deployed over $2 billion in credit. The company uses smartphones as a gateway to offer digital credit and other financial services.
Oui Capital’s Pius Bankong on evaluating founders through an operator’s lens
Oui Capital has built a recognizable portfolio in Africa's tech ecosystem, investing in startups like Moniepoint and Cauridor. Pius Bankong was added as an investment associate, bringing valuable operational experience from leading business operations at early-stage startups.
Moniepoint Enters Kenya After Acquisition of Sumac Microfinance Bank
Moniepoint completed its acquisition of Sumac Microfinance Bank, securing a 78% majority stake. The acquisition was approved by the Central Bank of Kenya and the Competition Authority of Kenya.
After years of trying, Moniepoint breaks into Kenya with Sumac acquisition
Moniepoint secures entry into Kenya by acquiring a 78% stake in Sumac Microfinance Bank. The acquisition provides Moniepoint with immediate access to a deposit-taking license in Kenya.
“In 2026, with fraud no longer a major distraction, fintechs will return to massive growth and innovation.” – Adedeji Olowe
The Central Bank of Nigeria's regulatory interventions have reduced fraud, allowing fintechs to focus on growth. The market for fintech in Nigeria is projected to double this year due to renewed consumer trust.
