Nomba
Omni-channel payment accepting and business operating system for African SMBs
What it does
Nomba (originally Kudi) was founded in 2016 by Yinka Adewale and Pelumi Aboluwarin as an AI chatbot that evolved into Nigeria's dominant agency banking and merchant acquiring network. The company supplies POS terminals, business bank accounts, and payment software to hundreds of thousands of small businesses. Backed by Y Combinator, it is one of West Africa's primary payment processing platforms.
Agency bankingPOS / mPOS solutionsPayment processors / acquirersDigital wallets / e-walletsSME-focused digital banks
Known for
- Agency banking POS ecosystem (formerly Kudi)
- Merchant payment collection systems
- Y Combinator graduate startup
- High-volume daily transaction processing
Model & industry
Marketplace / Aggregator modelAll / Cross-industry
Funding history
$30.0M
Total raised
1
Rounds
Pre-Series B
Latest stage
2023
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2023-05 | Pre-Series B | $30.0M | Base10 Partners |
Source: Condia Funding Tracker
Products & subsidiaries
Nomba MAX · Smart POS HardwareNomba Mini & Pro · Compact POSNomba Gateway & Invoicing · Payment GatewayNomba POS · product