Start-up of the Month: Umba

The brainchild of Barry O’Mahony and Tiernan Kennedy is a full-service digital bank delivered via smartphones

Barry O’Mahony and Tiernan Kennedy, Umba co-founders, and Kenas Otieno, the company’s head of compliance

Umba is the second go-round together for Barry O’Mahony and Tiernan Kennedy as co-founders. Having previously run an app development business called Krunksoft fresh out of university, after a few years apart they came back together to run the fintech, which is focused on the African market.

“It’s a full-service digital bank. We deliver it all through smartphones. It’s a cloud-based system that any customer with a smartphone can access,” Kennedy told Connected.

“It’s just ...