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Nomba | Company profile, Business Model, and Operations

Recieved Funding?
yes
Type of Funding
Venture capital, Series A Funding, Series B Funding
Number of Funding Phases
6
Business Type
Private Company

All you need to know about Nomba

About Us

Nomba, formerly known as Kudi is one of the most popular Fintech companies in Africa. Their digital banking services make it possible for people to send money, receive funds, pay bills, and even make money by being a POS operator.

Nomba provides a mobile application for bill payments. The company offers features such as bill payment, bill reminders, airtime purchases, and funds transfers. It accepts card and transfer payments, manages money, and helps to grow the business. It was formerly known as Kudi. The company was founded in 2017 and is based in Lagos, Nigeria.

Our History

Nomba, formerly known as Kudi started when some individuals observed the scarcity of financial service operators in Nigeria. They came up with a way to make transactions easier; digital banking.

Today, Nomba has expanded and now provides POS machine services for agents. Also, Nomba is now all over Africa and no longer restricted to Nigeria.

With the Nomba app, you can send money, receive money, settle your utility bills, renew subscriptions, and save.

Since our launch in 2017, our technology and insights have enabled merchants to earn and build successful businesses, transforming their own lives and those of others. Nomba started its journey in 2017 as a chatbot designed to simplify payments.

However, in 2018 it evolved into a company whose distinct point of sale (POS) technology, partnerships with banks, and other licensed financial institutions democratized access to banking products and services for merchants across Nigeria.

This also includes core banking solutions such as opening savings accounts and loans. 

Our Vision

To build an ecosystem that simplifies how businesses accept payments, make payments and manage operations..

Our Mission

To make financial services accessible and affordable, we are one step closer to bringing a lasting change to Africa and Africa's commerce..

Our Core Values

Empathy: We treat everyone with kindness and respect; our customers and people are valuable to us.

Passion: We are committed to everything we do while leveraging our skills and grit to meet our goals.

Integrity: We are accountable to our customers and our people to do what is right, and we stand by it.

Collaboration: We work together as a team; with our customers, partners, and our people to achieve our individual and collective growth.

Our Services

With Nomba, You can create and track your invoices efficiently, receive payments via QR and other seamless means, create inventory, and receive payment notifications when your customers make payments. 

Our Business Model

FinTech payments solutions provider

Related Topics


Industry

Iyinoluwa Aboyeji
Adeyinka Adewale

Nomba
Business Model

The Company major services and product include: Financial Software

The Company was Founded
The Company was established on
March 8, 2017
HeadQuarters
The Company has its Operational Headquarters at 19B Bosun Adekoya Street Lekki Phase 1, Lagos,
Industry
The Company is contributing to the development of the Industry FinTech
Staff Strength since Inception
The Company prides in her team member of about 51 - 100 active members

Nomba Business Model

The Company major services and product include: Financial Software

yes
Have they recieved Funding from VCs
yes
Have they recieved Funding from VCs
yes
How many number of Funding rounds?
0 million
Company Net worth as of 2023

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