FairMoney Nearing Agreement to Acquire Umba for $20 Million in Stock-Based Transaction, According to Insiders
FairMoney is in talks to acquire Umba, a digital bank focused on credit services in Nigeria and Kenya, for a $20 million all-stock transaction. This acquisition demonstrates FairMoney's desire to enter new markets, with a particular focus on Kenya.
Nigerian digital bank FairMoney in talks to buy Umba in $20M all-stock deal, sources say
FairMoney is in discussions to acquire Umba in a $20 million all-stock deal. The potential acquisition would allow FairMoney to expand into Kenya.
Fintechs brace for competition as Nigerian banks charge into digital lending market
Access Holding Plc, the parent company of Access Bank, received approval to launch Oxygen X, a standalone lending product. Traditional banks are in talks to spin off standalone digital lending services.
