Nigerian Payments Provider Nomba Secures $30 Million in Pre-Series B Funding Round

The Nigerian payments startup, Nomba, is reported to person raised $30 cardinal via a pre-Series B that was led by Base10 Partners. The caller solution is expected to assistance the startup run much efficiently and present “excellent lawsuit experiences.”

Plugging Gaps successful Payment Processes

Nomba, a Nigerian payments startup, has raised a US$30 cardinal pre-Series B backing round. According to a Disrupt Africa report, the startup’s oversubscribed equity circular was led by San Francisco-based Base10 Partners. Helios Digital Ventures, Shopify, Partech, and Khosla Ventures besides participated successful the round.

As per the report, Nomba, which was antecedently known arsenic Kudi, volition the concern to nutrient a payments solution that enables it to plug gaps successful its outgo processes. The caller solution is expected to assistance the startup run much efficiently and present “excellent lawsuit experiences.”

Commenting connected the startup’s palmy superior raise, Yinka Adewale, who co-founded the payments steadfast successful 2017, said:

We spot outgo arsenic a concern model, not conscionable a merchandise and we privation to marque it easier for businesses to instrumentality vantage of each that is imaginable successful their outgo processes to enactment their continued maturation and success. We person a agelong database of products we person been moving connected and the funds we person raised arsenic good arsenic the investors that person backed america gives america a batch of assurance astir what tin beryllium achieved with much effectual outgo solutions successful the hands of concern owners.

For her part, Luci Fonseca, a spouse astatine Base10, said Nomba’s grounds of innovation and superior ratio is what convinced her enactment to enactment the payments company.

“We are thrilled to beryllium supporting them to present their game-changing solutions to powerfulness maturation and continued occurrence for businesses successful Nigeria and beyond,” Fonseca said.

With an estimated monthly transaction worth of astir $1 billion, Nomba is already ranked among Africa’s champion outgo work providers.

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