FairMoney vs Umba
Umba
Umba is an African digital bank, offering free bank accounts and financial services to our customers
110 employees · est. 2019 · San Francisco, United States
FairMoney is the older company (2017 vs 2019); FairMoney is the larger of the two.
Side-by-Side Comparison
| Metric | FairMoney | Umba |
|---|---|---|
| Founded | ||
| Founded | 2017 older | 2019 |
| Headquarters | ||
| Headquarters | Paris, France | San Francisco, United States |
| Employees | ||
| Employees | 1273 larger | 110 |
| Industry | ||
| Industry | Financial Services, Fintech, Internet | Financial Services, Fintech, Mobile |
| Funding Stage | ||
| Funding Stage | Series B | Angel |
| Total Funding | ||
| Total Funding | $67.30M | $17.00M |
| Funding Rounds | ||
| Funding Rounds | 4 | 5 |
| Services | ||
| Services | Digital Banking, Personal Loans, Savings Solutions, Flexible Credit Lines, Card Payments, Bill Payments | Not tracked yet |
| Target Customers | ||
| Target Customers | Individuals seeking financial stability, Nigerians needing quick and easy access to banking services, Customers looking for secure international money transfer options, Users wanting flexible and high-interest savings accounts, Customers requiring reliable customer support | Not tracked yet |
| Taxonomy | ||
| Taxonomy | Digital BankingMobile BankingEmerging MarketsDigital LoansFinancial InclusionInvestment Products +8 | Digital BankFinancial InclusionAfrican FintechMobile BankingMicrofinance AcquisitionTechnology-driven +7 |
| Website | ||
| Website | fairmoney.io | umba.com |
About FairMoney
FairMoney, founded in 2017, is redefining digital banking for emerging markets with a mission to rebuild Africa's Money story. With headquarters in France, the company is focused on delivering Tier 1 digital financial services in Africa, especially in its core market, Nigeria. As the most downloaded...
About Umba
Umba is an African digital bank that aims to provide free bank accounts and financial services to its customers. The company offers an ecosystem of connected financial services through a mobile app, allowing users to manage their finances seamlessly. Umba is committed to driving economic growth thro...
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Compiled from the BounceWatch company index. We last looked at FairMoney on 17 May 2026, and Umba on 12 Sep 2024. Where a field is blank here, it means we have not recorded it — not that the answer is zero. How we source and date this.
