- Growth StageExpanding market presence
- Top InvestorsThis company has received a significant amount of investment from top investors
- YC FundedStartup funded by Y Combinator
- Website
- Location
- Company size
- 11-50 people
- Total raised
- $12.3M
- Market
Numida Technologies (YC W22) careers
Numida provides working capital loans to African micro businesses and we're growing 30% month-on-month. Instead of borrowing from informal lenders or family, micro business owners download the Numida app, apply in minutes, and receive capital within a day. We have figured out how to score and disburse unsecured loans to cash-based businesses that have no digital transaction history, with excellent collection rates. There’s 140 million of these businesses in Africa representing a $20 billion market opportunity and traditional microfinance is failing them. Our team are all second time founders, we have lived and worked in 6 African countries and we have previously run another lending business.
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Catherine Denis
Co-CEO at Numida Technologies
Ben Best
University of Waterloo Systems Design Engineering, Full Stack Engineer and founder @ Numida Technologies. Interested in inclusive FinTech for MSMBs
Total raised
$12.3M
Funded over
1 round
Latest round
Series Pre-A (Sep 2022)
RxAll • Lagos Island • ₦3600k – ₦4800k • No equity • 2 weeks ago