Nigerian fintech startup Nomba raises $30M Series B round to scale its payment solution to businesses across Africa

Nomba

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Nigerian payment service provider Nomba has raised $30 million in a pre-Series B funding round led by Base10 Partners, with participation from Helios Digital Ventures, Shopify, Partech, and Khosla Ventures.

Nomba is a fintech company that offers financial software solutions. They provide fintech services such as bussiness saving, joint bussiness saving, card payments, POS terminals, management, and banking tools solutions for bussiness.

Nomba provides business tools, including invoicing and order management solutions, to enhance efficiency and reduce operational costs for businesses in Africa. The funds will be used to deliver bespoke payment solutions for businesses in Nigeria and other African markets.

Adeyinka Adewale, CEO, and co-founder of Nomba said, “We see payment as a business model, not just a product, and we want to make it easier for businesses to take advantage of all that is possible in their payment processes to support their continued growth and success.”

Nomba, formerly known as Kudi.ai, supports over 300,000 businesses with various payment solutions, management tools, and banking tools to enhance efficiency and customer experiences.

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