Moniepoint Enters Kenya with 78% Stake in Sumac Microfinance: A Bold Move in East African Fintech
A Bold Move in East African Fintech What Just Happened? In a landmark cross-border fintech contract Moniepoint Inc. a top-tier Nigerian digital financial services company, has formally acquired a 78% controlling stake in Sumac Microfinance Bank, a licensed microfinance institution based in Kenya. With regulatory appreciation secured from the Central Bank of Kenya (CBK), the … Read more