Nigerian Fintech Unicorn Moniepoint Appoints Rose Muturi as Kenya CEO
Muturi will oversee Moniepoint's overall growth strategy in Kenya, while Sumac Microfinance Bank will continue to operate under its existing management team.
Moniepoint Group has named Rose Muturi as Chief Executive Officer for its Kenya business, marking a key leadership appointment as the Nigerian fintech unicorn strengthens its expansion in East Africa following its acquisition of a 78% stake in Sumac Microfinance Bank in March.
Muturi will oversee Moniepoint’s overall growth strategy in Kenya, while Sumac Microfinance Bank will continue to operate under its existing management team. She joins Moniepoint from Branch, where she served as Chief Executive Officer and played a pivotal role in the company’s evolution into a regulated digital bank after its acquisition of Century Microfinance Bank.
Her career also includes senior leadership positions at Tala, HF Group, TransUnion, Chase Bank and Standard Chartered, providing extensive experience across banking, lending, credit and financial regulation.
Moniepoint is seeking to replicate in Kenya the integrated fintech model that has driven its success in Nigeria, offering payments, banking, lending and business management solutions tailored to small and medium-sized enterprises (SMEs). As part of its regional growth strategy, the company has also acquired restaurant technology startup Orda and is expanding its Nairobi team with hires across finance, product development and people operations.
The company’s ability to recreate its Nigerian fintech ecosystem in Kenya’s highly competitive financial services market is expected to be a key measure of the success of its East African expansion strategy.
