Moniepoint Strengthens Banking Ambitions in Kenya with New CEO

Nigerian fintech unicorn Moniepoint Inc. has appointed former Branch Kenya Chief Executive Officer, Rose Muturi, as its Chief Executive Officer for Kenya, marking another significant milestone in the company’s expansion across East Africa.

The appointment follows Moniepoint’s acquisition of Sumac Microfinance Bank earlier this year, a strategic move that provided the company with the regulatory license needed to establish a stronger presence in Kenya’s financial services sector.

Confirming the appointment, Moniepoint said Muturi will lead the company’s overall strategic direction in Kenya rather than oversee the day-to-day operations of Sumac Microfinance Bank, which will continue to operate under its existing leadership structure.

“We can confirm that Rose Muturi has joined Moniepoint Inc. as CEO to lead our Kenya operations, driving the group’s strategic direction in the country rather than managing a standalone subsidiary,” said Edidiong Uwemakpan, Vice President of Corporate Affairs at Moniepoint. She added that Muturi is employed directly by Moniepoint Group, while Sumac Microfinance Bank remains an independent entity with its own management team.

Muturi joined Moniepoint in June, bringing with her extensive experience in digital banking, fintech, and financial services. Prior to joining the company, she spent more than four years at Branch, where she advanced from Managing Director for East Africa to Chief Executive Officer of Branch Kenya. During her tenure, Branch transformed into a digital bank following its acquisition of Century Microfinance Bank, expanding its offerings beyond digital lending into full banking services.

ALSO READ: INTERSWITCH STRENGTHENS KENYA FINTECH BUSINESS WITH NEW MANAGING DIRECTOR

Her career also includes senior leadership positions at HF Group, Tala, TransUnion Kenya, Chase Bank, and Standard Chartered Bank. Beyond her executive roles, she is the founder of the Digital Lenders Association of Kenya and serves on the board of the Association of Microfinance Institutions Kenya.

The appointment underscores Moniepoint’s ambition to evolve from a payments-focused fintech into a full-service financial platform in Kenya. Through the acquisition of Sumac Microfinance Bank, the company now has the regulatory framework required to mobilise customer deposits, extend credit, and deliver broader banking services.

Moniepoint has also expanded its product portfolio through the acquisition of restaurant technology company Orda, strengthening its capabilities in business software, lending, and financial management solutions for small and medium-sized enterprises (SMEs).

In Nigeria, Moniepoint already provides an integrated platform offering merchant payments, banking services, business financing, and enterprise management tools. The company is expected to replicate a similar model in Kenya as it scales its operations.

The fintech is also investing in local talent to support its expansion. Its careers portal currently lists several Nairobi-based vacancies, including roles in finance, human resources, and product management, highlighting its commitment to building a strong leadership and operational team in Kenya.

The appointment of Rose Muturi signals Moniepoint’s long-term commitment to Kenya’s growing digital banking sector and positions the company to compete more aggressively in one of Africa’s most dynamic fintech markets.