Numida
PrivateLast Round
Series A
Sep 28, 2022
Total Funding Raised
$15.1M
Momentum Score
25 /100
Company Overview
Numida is a Ugandan-based financial technology company that provides digital financial services to micro and small businesses (MSBs) in Africa. The company's primary offering is unsecured working capital loans, ranging from $100 to $5,000, disbursed through its mobile application. Numida has developed its own proprietary credit scoring models and technology-enabled underwriting processes, which allow it to serve cash-based, semi-formal businesses that often lack the digital transaction history and collateral required by traditional financial institutions. Founded in 2015, the company aims to promote financial inclusion and unlock the growth potential of small businesses across the continent. It has received funding from prominent investors including Y Combinator, Serena Ventures, and MFS Africa.
Sector
FinTech
Verticals
Lending & Credit, Credit Scoring, Digital Banking
Business Model
B2B
Customer Profile
Payment Processing Fee, Freemium
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Numida Comps
Public and private peers based on sector, stage, and business model.
Numida Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series A | Sep 28, 2022 | ||||
| Debt | Sep 28, 2022 | ||||
| Accelerator | Jan 24, 2022 | ||||
| Seed | Apr 14, 2021 |
Key People
Founding team and executive leadership
Numida Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Launch Africa Ventures | Series A |
| Breega | Series A |
| Equilibria Capital | Seed |
| Segal Family Foundation | Seed |
| Y Combinator | Accelerator, Series A |
| Soma Capital | Series A |
| DRK Foundation | Seed |
Numida Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Numida's valuation, stock price, and market status.
