Moniepoint Appoints Rose Muturi to Lead Kenya Operations

Add us on Google

Nigerian fintech company Moniepoint has appointed Rose Muturi as CEO for its Kenya operations, the company confirmed.

Muturi, who joined Moniepoint in June, will drive the group’s strategic direction in the country, according to a company response to media inquiries. She reports to the Moniepoint Group and is not responsible for running Sumac Microfinance Bank as a standalone entity. Sumac remains a separate subsidiary with its own leadership team.

The appointment comes several months after Moniepoint completed its acquisition of a 78% majority stake in Sumac Microfinance Bank, providing the Nigerian unicorn with a deposit-taking licence in Kenya. The deal received approvals from the Competition Authority of Kenya and the Central Bank of Kenya, and closed earlier in 2026.

Muturi previously served as Managing Director for Branch International in East Africa, where she led operations following the company’s acquisition of a microfinance bank. She has more than 15 years of experience in financial services and fintech, with prior roles at Tala, HF Group (Housing Finance Company), Standard Chartered Bank, Chase Bank, and TransUnion. She also co-founded the Digital Lenders Association of Kenya.

Moniepoint, founded in 2015 by Tosin Eniolorunda and Felix Ike, has grown into one of Nigeria’s largest digital payments and business banking platforms. It processes substantial transaction volumes for small and medium-sized enterprises (SMEs) and achieved unicorn status following funding rounds that included investment from entities such as Google, Visa, and Development Partners International.

The company’s entry into Kenya follows an earlier, unsuccessful attempt to acquire payments firm Kopo Kopo. The Sumac acquisition allows Moniepoint to operate under an existing regulatory licence amid a freeze on new banking licences by Kenyan authorities. Sumac, established in 2002, focuses on microfinance services for businesses and individuals.

Kenya’s fintech and financial services sector features strong mobile money penetration through services like M-Pesa, alongside competition from established banks and other digital lenders. Moniepoint has indicated plans to leverage its Nigerian experience in payments, credit, and business tools to serve Kenyan MSMEs.

No immediate changes to Sumac’s day-to-day operations, employees, or customer services were announced as part of the acquisition.

The move signals Moniepoint’s shift from initial market entry to operational execution in East Africa. Muturi’s local expertise and track record in Kenyan fintech are expected to support efforts to scale services in a competitive environment. Further details on specific product launches or timelines in Kenya were not immediately available.