Umba
OperatingUmba is an Africa-focused digital bank, offering free bank accounts and financial services to customers.
- E-Banking
- Lagos, Nigeria
- Debt Financing
- Founded 2018
- umba.com ↗
- Total raised
- $22.3M
- disclosed
- Last round
- $5M
- Debt Financing
- Rounds
- 7
- since 2018
- Investors
- 17
- on record
- Employees
- 11-50
Umba funding and investors
Umba has raised $22.3M across 7 disclosed rounds. The latest is a $5M Debt Financing announced 09 Apr 2025, led by Star Strong Capital.
- Lead investors
- 2
- Largest round
- $15M
- Average round
- $5.6M
- disclosed rounds
- Round cadence
- 26 mo
- average gap
- $300KSeedSeed, $300K, $300K raised to date
- $2MSeedSeed, $2M, $2.3M raised to date
- $15MSeries ASeries A, $15M, $17.3M raised to date
- $5MDebt FinancingDebt Financing, $5M, $22.3M raised to date
SLA Funding Index · grey is capital raised before each round · 3 undisclosed rounds not drawn
Umba funding rounds7 · newest first
09 Apr 2025 · led by Star Strong Capital
- AngelUndisclosed
01 Feb 2024
- Series A$15M
13 Apr 2022 · led by Costanoa Ventures
- Seed$2M
17 Dec 2020
- Pre-seedUndisclosed
06 May 2019
- Seed$300K
05 Jul 2013
- SeedUndisclosed
09 Feb 2012
| Announced | Round | Lead · other investors | Amount |
|---|---|---|---|
| 09 Apr 2025 | Debt Financing | Star Strong Capital | $5M |
| 01 Feb 2024 | Angel | James McGann | Undisclosed |
| 13 Apr 2022 | Series A | Costanoa Ventures · Tom Blomfield, Streamlined Ventures, Palm Drive Capital, Lux Capital, Lachy Groom, Chandaria Capital, Banana Capital, Act Venture Capital | $15M |
| 17 Dec 2020 | Seed | Act Venture Capital, Frontline Ventures, Lachy Groom, Ludlow Ventures | $2M |
| 06 May 2019 | Pre-seed | Act Venture Capital, Bloom Equity, Frontline Ventures, Halo Business Angel Network | Undisclosed |
| 05 Jul 2013 | Seed | VTF Capital | $300K |
| 09 Feb 2012 | Seed | 500 Global | Undisclosed |
Investors in Umba17 · leads first
| Investor | Role | Rounds | First |
|---|---|---|---|
| Costanoa VenturesVenture Capital | Lead | Series A | Apr 2022 |
| Star Strong Capital | Lead | Debt Financing | Apr 2025 |
| Act Venture CapitalVenture Capital | Participant | Pre-seed, Seed, Series A | May 2019 |
| Frontline VenturesVenture Capital | Participant | Pre-seed, Seed | May 2019 |
| Lachy GroomVenture Capital | Participant | Seed, Series A | Dec 2020 |
| 500 GlobalVenture Capital | Participant | Seed | Feb 2012 |
| VTF CapitalVenture Capital | Participant | Seed | Jul 2013 |
| Bloom EquityImpact Investor | Participant | Pre-seed | May 2019 |
| Halo Business Angel NetworkAngel Investor | Participant | Pre-seed | May 2019 |
| Ludlow VenturesVenture Capital | Participant | Seed | Dec 2020 |
| Tom BlomfieldPrivate Equity | Participant | Series A | Apr 2022 |
| Streamlined VenturesVenture Capital | Participant | Series A | Apr 2022 |
| Palm Drive CapitalVenture Capital | Participant | Series A | Apr 2022 |
| Lux CapitalVenture Capital | Participant | Series A | Apr 2022 |
| Chandaria CapitalVenture Capital | Participant | Series A | Apr 2022 |
| Banana CapitalVenture Capital | Participant | Series A | Apr 2022 |
| James McGannAngel Investor | Participant | Angel | Feb 2024 |
Frequently asked about Umba
- How much funding has Umba raised?
- Umba has raised $22M across 7 disclosed rounds. Its latest, a $5M Debt Financing, was announced on Apr 09, 2025.
- Who has invested in Umba?
- Backers include Star Strong Capital, James McGann, Costanoa Ventures, Tom Blomfield and 13 others.
Profile updated Source: SLA Startup IndexHow we count →
