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techcabal.com > 03/26/2026 > nigerias-moniepoint-enters-kenya-with-78-stake-in-sumac-microfinance

Moniepoint completes acquisition of Kenya's Sumac microfinance

3+ hour, 23+ min ago  (263+ words) Moniepoint Inc., a Nigerian business-banking unicorn, has completed its acquisition of a 78% stake in Kenya's Sumac Microfinance Bank, ending a multi-year effort by the Nigerian fintech to secure a foothold in East Africa's largest economy. The deal was finalised on…...