Nigeria-founded fintech Moniepoint Inc. has completed the purchase of a 78% stake in Sumac Microfinance Bank Kenya Limited, entering Kenya in a deal that underscores rising cross-border expansion by African digital lenders. The acquisition, which closed on Feb. 27 after approvals from the Central Bank of Kenya and the Competition...

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Funding

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Featured

Moniepoint Completes Acquisition of 78% of Kenya’s Sumac in East Africa...

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