Umba’s CEO Tiernan Kennedy said: “From the outset we built our platform to serve multiple markets, currencies and payment infrastructures. This flexibility is an extremely important consideration as it’s much harder to upgrade your systems at a later date. For example, bank and debit card penetration is high in Nigeria, so Umba is deeply integrated into those payment methods, while across Kenya and East Africa mobile money is dominant so our platform is tightly integrated with those services, too.”

https://techcrunch.com/2020/12/17/umba-a-digital-bank-for-emerging-markets-raises-2m-seed-funding-to-expand-across-africa/