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Nomba

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leading payment service provider for African businesses

Lagos, NigeriaFounded 2017Fintech
Valuation $100–250M Last recorded · 2023
Headcount 100–500 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Nomba and the history behind them.

About Nomba

Nomba, formerly known as Kudi, is a fintech company that provides a suite of financial and business tools to small and medium-sized enterprises in Nigeria. The company aims to simplify business operations and payment processing for its clients.

Nomba's offerings include point-of-sale (POS) terminals for accepting card payments, QR code payment solutions for seamless transactions, and the ability to process bank transfers. Beyond payment acceptance, Nomba provides tools for creating and tracking invoices, managing inventory, and a mobile banking app for sending and receiving money, paying bills, and managing finances. The company also offers a payment gateway for e-commerce platforms like Shopify.

Nomba's primary market is Nigeria, where it serves over 200,000 small businesses. The business model is centered around providing these financial tools and services, likely generating revenue through transaction fees on payments processed through its platform and potentially subscription fees for its business management software.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2017
Headquarters
Lagos, Nigeria
Employees
416
Open positions
3
Dealroom signal
70.5/100
Industry
Fintech
Sub-industry
Payments, Banking
Sector
Fintech, Bank, Mobile Payment, Digital Wallet, Payment Processing, Payment Service Provider, YC W17
Business model
SaaS
Client focus
b2b

Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
DEBT✓Debt Sep 2026 $3M — Undisclosed ↗
EARLY VC✓Equity / VC May 2023 $30M $120M Partech · Khosla Ventures · Shopify · Helios Digital Ventures ↗
Showing the latest 2 of 6 recorded eventsBook a demo for the full funding history →

Growth signals

Nomba website traffic

Latest recorded traffic for Nomba is 97K monthly website visits, up 110.9% over the last three months. Nomba's team grew 2.5% over the past year.

Latest monthly visits97K 3-month web change+110.9% 1-year team growth+2.5%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

11 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

Series A5 investors entered at this stage

Other known investors5 additional known investors

  • Google for Startups Accelerator
  • Musha Ventures
  • Necessary Ventures
  • Shopify Ventures
  • Wale Ayeni
Team profiled 23 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
8 countries with
team presence
🇳🇬 Nigeria91%
🇬🇧 United Kingdom5.1%
🏳️ Democratic Republic of the Congo1.2%
🇺🇸 United States0.8%
🇫🇮 Finland0.4%
Top 5 of 8 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Nomba on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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