Umba

Umba is a licensed digital banking platform for individuals and businesses that want to spend, save, and access credit through a mobile-first account.

Key capabilities include:

• Savings and fixed deposits with rates advertised as up to 20% interest per annum, including flexible saving and locked savings options.
• Loans and asset finance, including logbook car loans (up to 70% of a car’s value, with cash in as little as 6 hours), car finance for new or used vehicles, and employee credit options such as salary advances (up to 50% of net salary) and installment loans (up to 3x net pay, typically repayable in 3–9 months, with 5% pricing referenced for salary advance and monthly installment interest).