U

Umba

Credit-led mobile banking and lending

Executive Assistant

Part-Time
No salary listed
Mid
New York, NY, USA
HybridMostly remote, with regular in-person time in Brooklyn.
Administrative & Executive AssistanceExecutive Support

About the job

Requirements
  • At least 3 years of experience supporting a founder, executive, or senior leader.
  • Excellent written English and sound judgment about tone when corresponding on the CEO's behalf.
  • Ability to track commitments independently and close loops without reminders.
  • Comfort working with ambiguity and shifting priorities in an early-stage environment.
  • Discretion and experience handling confidential business information.
  • Fluency with Google Workspace, Slack, and Notion.
  • Based in New York City with availability to meet in person in Brooklyn or Manhattan.
Responsibilities
  • Own the CEO's calendar, including scheduling, rescheduling, protecting focus time, and structuring the week so meetings are batched rather than scattered.
  • Manage inbound email by triaging messages, flagging items requiring attention, drafting replies, and following up on open threads.
  • Coordinate meetings with investors, partners, and the executive team across United States, Irish, and East African time zones.
  • Support board and investor operations by scheduling meetings, assembling quarterly update materials, and chasing inputs to deadlines.
  • Process expenses, invoices, and vendor and subscription renewals.
  • Run research and preparation work ahead of meetings, including briefing notes, background on companies and people, and agendas.
  • Build lightweight systems and documentation to improve the efficiency of the role over time.
Desired Qualifications
  • Exposure to fintech, financial services, or venture-backed startups.

About the company

Umba is a digital bank in Africa focused on Kenya and Nigeria. Its mobile app provides free checking, transfers, bill payments, and deposits, powered by a credit-led model that also offers salary advances, installment loans, SME financing, and payroll solutions for businesses. In Kenya, Umba became a licensed microfinance bank after acquiring Daraja Microfinance Bank, enabling full banking services like current accounts and savings, while serving customers through a network of 5,000+ agents. The company uses machine learning to assess credit risk, approve loans, and detect fraud, aiming to expand affordable, convenient digital banking and credit to individuals and SMEs across emerging markets.

Company Size

51-200

Company Stage

Debt Financing

Total Funding

$27.3M

Headquarters

San Francisco, California

Founded

2018

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Simplify's Take

What believers are saying

  • April 2025 Star Strong debt funded Umba's loan book expansion without equity dilution.
  • TechCabal reported sixfold revenue growth in 2024 and 19% monthly gains.
  • Peach Cars' 24-hour car-finance partnership and six-hour online underwriting accelerate high-value loan origination.

What critics are saying

  • FairMoney's 2024 $20 million acquisition talks expose Umba's weak standalone exit options.
  • Umba's 2023 bridge round at $25 million signaled brutal down-round pressure and funding fragility.
  • Loan-book losses or recessionary defaults can choke debt capital, forcing a shutdown or fire-sale.

What makes Umba unique

  • Kenya's microfinance license gives Umba regulated deposit-taking distribution and secured lending access.
  • Umba's 5,000-agent Kenyan network converts dealerships and field agents into customer acquisition channels.
  • Vehicle financing and SME loans define Umba's credit-led model, not generic consumer banking.

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Benefits

  • Remote Work Options

Growth & Insights and Company News

6 month growth

0%

1 year growth

-2%

2 year growth

0%
Tech in Africa
Apr 22nd, 2025
Kenyan Digital Banking Platform Umba Secures $5 Million in Debt Financing

Previously, Umba secured $15 million in a Series A equity round in 2022, with backing from prominent investors such as Costanoa Ventures, Monzo co-founder Tom Blomfield, and Palm Drive Capital.

Tech in Africa
Apr 22nd, 2025
Umba Secures $5M for Expansion

Umba, a Kenyan digital banking platform, has secured $5 million in debt financing to expand its operations and enhance its lending services across Africa. The funding, from global impact investors and fintech lenders, will help Umba grow its lending portfolio, improve credit scoring technology, and enter new East and West African markets. This follows a $15 million Series A equity round in 2022.

Launch Base Africa
Apr 9th, 2025
Umba Secures $5M to Expand Africa

Kenyan fintech Umba secured $5 million in debt financing from Star Strong Capital to expand in Africa. Despite a challenging fintech landscape, Umba's Kenyan division is nearing profitability. The company, which raised $15.5 million in a Series A round in 2022, saw its valuation drop to $25 million in 2023. Umba's microfinance license in Kenya offers a competitive edge. Last year, FairMoney considered acquiring Umba for $20 million. The new funding provides a lifeline for Umba's operations.

Techpoint Africa
Apr 9th, 2025
Africa leads the world with 1.1 billion mobile money accounts and $1.1 trillion in transactions

Umba, a digital bank in Kenya, has secured $5M in funding from Star Strong Capital to grow its loan book.

Business Post
Apr 9th, 2025
Umba secures $5m to expand in Africa

Irish-led fintech Umba has secured $5 million in debt financing to expand its operations in Africa, with its Kenyan branch nearing profitability. Headquartered in Nairobi, Umba provides digital financial services in Nigeria and Kenya.