NAIROBI, July 16 – Moniepoint has appointed former Branch Kenya Chief Executive Officer Rose Muturi to lead its operations in Kenya as the Nigerian fintech strengthens its presence in East Africa following its acquisition of Sumac Microfinance Bank earlier this year.
The company confirmed the appointment, saying Muturi will oversee Moniepoint’s overall strategy in Kenya rather than manage Sumac Microfinance Bank, which will continue to operate with its own leadership team.
The move comes as Moniepoint shifts from securing a banking licence in Kenya to building a broader financial services business. Its acquisition of Sumac gave the company a deposit-taking microfinance banking licence, allowing it to accept deposits and provide credit in the country.
Muturi joined Moniepoint in June after spending more than four years at Branch, where she rose from East Africa Managing Director to CEO of Branch Kenya. During her time there, the company expanded beyond digital lending after acquiring Century Microfinance Bank and entering the banking business.
She has also held senior roles at HF Group, Tala, TransUnion Kenya, Chase Bank and Standard Chartered Bank. In addition, she founded the Digital Lenders Association of Kenya and serves on the board of the Association of Microfinance Institutions Kenya.
Moniepoint said Muturi’s experience in digital banking and regulated financial services will support its growth plans in Kenya as it expands beyond payments.
The company has also widened its product offering through the recent acquisition of restaurant software provider Orda. In Nigeria, Moniepoint provides payments, banking, lending and business management tools on a single platform, a model it could introduce in Kenya.
The fintech is also growing its local workforce. Its careers page currently lists several vacancies in Nairobi, including roles in finance, product control and human resources, as it builds the team needed to support its expansion in the Kenyan market.
