Numida (YC W22) logo — Numida provides working capital loans to African micro busin...

Numida (YC W22)

Numida provides working capital loans to African micro businesses.

Founded 2016 106 employees Seed Total: $19.65M Financial Services, Fintech +2

General Information

Company Name Numida (YC W22)
Founded Year 2016
Employees 106
Industries Financial Services, Fintech, Insurance +1
Funding Stage Seed
Social

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About Numida (YC W22)

Numida, founded in 2016, is a Fintech startup that focuses on providing working capital loans to African micro businesses. With a slogan "Numida provides working capital loans to African micro businesses," the company aims to address the financing needs of underserved entrepreneurs in Africa. The recent milestone for Numida is the $12.30M Seed Round investment, which took place on September 28, 2022. The notable investors participating in this round include Breega, Goodwater Capital, Soma Capital, Y Combinator, Pioneer Fund, Serena Ventures, 4Di Capital, Launch Africa, and onafriq. Operating at the intersection of Financial Services, Fintech, Insurance, and Mobile industries, Numida is positioning itself to make a significant impact in the African financial landscape.

Business keywords: digital financial institution, working capital loans, micro businesses, East Africa, credit score, unsecured loans, portfolio yields, impact investing

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing $5.00M 1
Lendable
28 Sep 2022
Seed Round $12.30M 9
Breega, Goodwater Capital +7
28 Sep 2022
Seed Round $2.30M -
13 Apr 2021
Seed Round $50.00K -
04 Sep 2018

Numida (YC W22) Alternatives & Competitors

View All Alternatives
Numida (YC W22) vs
Aura
Aura United States

Aura leverages its technology to provide affordable, credit-building loans to working families in Am...

Debt Financing
96 employees
Financial Services, Fintech
Numida (YC W22) vs

SME Loans | Working Capital Loans | Personal Loans

Venture round
9 employees
Finance, Financial Services
Numida (YC W22) vs
4G Capital
4G Capital Mauritius

We grow businesses sustainably through capital loans & business training. Supporting #HeroesoftheHus...

Series C
1007 employees
Finance, Financial Services

FAQ About Numida (YC W22)

Numida provides working capital loans to African micro businesses.
Numida (YC W22) was founded in 2016.
Numida (YC W22) operates in Financial Services, Fintech, Insurance and Mobile. Its work centres on digital financial institution, working capital loans, micro businesses and East Africa.
Numida (YC W22) has approximately 106 employees.
Numida (YC W22) has completed 4 funding rounds, raising a total of $19.65M. The latest funding stage is Seed.
Top alternatives and competitors to Numida (YC W22) include Aura, FinBucket | India's Top Digital Loans Portal, 4G Capital, Lendingkart, eMaisha Pay. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Numida (YC W22) and Aura are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Numida (YC W22), https://bouncewatch.com/company/numida-yc-w22, updated 20 December 2024. When citing, please name BounceWatch and link this page.

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