Moniepoint Inc. has acquired a 78% controlling stake in Sumac Microfinance Bank Kenya Limited, marking its entry into the East African market.
The deal, completed in February 2026 after regulatory approval from the Central Bank of Kenya, is expected to strengthen digital financial services for small businesses across Kenya.
The acquisition will allow Sumac to benefit from Moniepoint’s advanced technology, expanded capital, and wider financial network, while continuing normal operations without disruption to customers.
Industry leaders say the partnership will improve access to credit, boost financial inclusion, and support the growth of small and medium-sized enterprises in the country.