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Nomba

Last updated: May 28, 2023

Nomba provides access to everyday tools that simplify payments and drive business growth.

Funding Series B: $30M

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Overview

Project industry	Finance Services & Banking
Product type	Service
Founded	Nigeria

What is Nomba

Nomba has an interesting backstory – it started as Kudi.ai, a chatbot integration that responded to financial requests on social apps. But in May of last year, it evolved and rebranded into an online omnichannel payment service provider with the goal of bringing a whole new approach to the digital payment world for businesses.

Their mission was to equip over 350,000 businesses in Nigeria with tools to help run their businesses more effectively, and while they currently support more than 300,000 businesses, it’s clear they’ve been making a big impact. Nomba provides a wide range of payment solutions, management tools, and banking tools that enable better business processes and support business owners to be better at what they do.

Nomba processes $1 billion in monthly transactions, representing a market-leading gross transaction value (GTV) for a payment service provider in Africa.