Moniepoint Inc. has appointed Rose Muturi as Chief Executive Officer for its Kenya operations, marking another significant step in the Nigerian fintech unicorn’s expansion strategy in East Africa following its acquisition of Sumac Microfinance Bank earlier this year.
The appointment signals Moniepoint’s transition from securing a regulatory presence in Kenya to building a comprehensive financial services business in one of Africa’s most competitive fintech markets.
According to the company, Muturi will oversee Moniepoint’s overall strategic direction in Kenya rather than manage Sumac Microfinance Bank, which will continue operating under its own leadership team. Her appointment reflects Moniepoint’s intention to strengthen its local leadership as it expands beyond payments into broader banking and financial services.
Muturi brings extensive experience in digital banking and financial services. Prior to joining Moniepoint, she served as CEO of Branch Kenya, where she played a key role in the company’s evolution into a digital bank following the acquisition of Century Microfinance Bank. She has also held senior leadership positions at HF Group, Tala, TransUnion Kenya, Chase Bank and Standard Chartered Bank, while also founding the Digital Lenders Association of Kenya.
The move follows Moniepoint’s acquisition of Sumac Microfinance Bank, which provides the company with a deposit-taking microfinance banking licence, enabling it to mobilise deposits, offer credit and expand its financial services portfolio in Kenya.
Beyond banking, Moniepoint has also broadened its capabilities through the acquisition of restaurant software provider Orda, reflecting its ambition to build an integrated platform combining payments, banking, lending and business management solutions for SMEs.
The company is also actively recruiting across several strategic roles in Nairobi, highlighting its continued investment in building a strong local team to support long-term growth in the Kenyan market.
The appointment underscores Moniepoint’s commitment to strengthening its presence in East Africa as competition intensifies across banking, fintech and digital financial services.
