Umba: Umba raises $15mn series A round led by Costanoa Ventures, Lux Capital

Umba, an Africa-focused digital bank, has raised USD 15mn led by Costanoa Ventures and Lux Capital. Palm Drive Capital, Ludlow Ventures, Banana Capital, Streamlined Ventures, angel investors (including Lachy Groom and Tom Blomfield) also participated. Funds from the series A round will be used to expand its operations and product offering in Nigeria as well [...]