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Numida
AddedMar 16, 2024
UpdatedJun 18, 2026
Numida

Numida

Series A

Numida: Digital loans for Africa's micro businesses, enhancing growth with fast capital access.

HQ
Kampala, Kampala District, UG
Founded
2016
Accelerator
Y Combinator logoY CombinatorW22
Overview
Compare
Fundraising
Employees
Website

Founded with a mission to empower African micro businesses, Numida provides working capital loans through a user-friendly mobile app. The company aims to replace informal lending practices by offering a streamlined, digital solution that allows business owners to apply for loans in minutes and receive funds within a day. Numida focuses on cash-based businesses that lack digital transaction histories, primarily targeting markets in East Africa. Their innovative approach ensures accessibility and rapid financial support, fostering growth and stability in the micro-business sector.

Numida has garnered significant achievements since its inception, including disbursing $23 million in working capital to 32,000 businesses across East Africa. The company operates under the regulatory frameworks of the Uganda Microfinance Regulatory Authority, the Personal Data Protection Office, and the Financial Intelligence Authority. By maintaining excellent collection rates and providing unsecured loans, Numida has made a substantial impact on the economic landscape for micro-entrepreneurs in the region.

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Numida - Quick Facts

Who are Numida's competitors?

Companies similar to Numida include Payhippo, Rank, Oystr Finance and Ovamba Solutions.

When was Numida founded?

Numida was founded in 2016.

Where is Numida's headquarters located?

Numida's headquarters is located in Kampala, Kampala District, UG.

When was Numida's last funding round?

Numida's most recent funding round was for $5M (USD) in September 2022.

How much has Numida raised to-date?

As of Sep 28, 2022, Numida has raised a total of $15.2M (USD).

How many employees does Numida have?

Numida has 44 employees as of Feb 24, 2024.

Numida - Classification

Ownership
  • Venture Capital
Technology
  • FinTech
Geographic Exposure
  • Africa
Revenue
  • Recurring
Customer
  • Small Business
Main Product
  • Loans
Tags
  • Financial
  • SaaS
NAICS
  • 520000Finance and Insurance
SIC
  • 6000Depository Institutions
Show 9 more industry codes
NAICS
  • 522000Credit Intermediation and Related Activities
  • 522300Activities Related to Credit Intermediation
  • 522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
  • 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
  • 8700Engineering, Accounting, Research, Management, And Related Services
  • 6280Services Allied With The Exchange Of Securities Or Commodities
  • 8740Management And Public Relations Services
  • 6282Investment Advice
  • 8742Management Consulting Services