Nomba
Company overview
Nomba is a Nigerian fintech company specializing in financial software solutions that empower businesses to manage sales, payments, and operations seamlessly. Founded in 2017 by Adeyinka Adewale and Pelumi Aboluwarin, Nomba has rapidly expanded its services across Africa, including Nigeria and the Democratic Republic of Congo, serving over 200,000 businesses. The company offers a comprehensive suite of tools, including card payments, POS terminals, management, and banking solutions, catering to a diverse clientele ranging from small enterprises to large corporations. Nomba's mission is to build a cashless Africa by providing accessible and affordable financial services, thereby driving economic growth and financial inclusion. With a dedicated team of over 200 employees, Nomba operates primarily from its headquarters in Lagos, Nigeria, and has established a significant presence in the Democratic Republic of Congo. The company's impact is evident in its ability to simplify financial transactions for businesses, enabling them to focus on growth and innovation. Nomba's differentiators include its user-friendly interfaces, robust security measures, and a commitment to continuous improvement, ensuring that businesses can operate efficiently in a rapidly evolving digital landscape.
Story
In 2016, Nomba embarked on a journey to revolutionize financial services in Africa. The founders recognized the challenges businesses faced in accessing and managing financial tools, leading to the creation of 'Kudi.ai,' a chatbot integration designed to respond to financial requests on social apps. This innovative solution marked the beginning of Nomba's commitment to simplifying financial transactions for businesses across the continent.
As the company evolved, Nomba expanded its services to include a network of independent agents acting as neighborhood banks. These agents offered essential financial services such as cash withdrawals, transfers, and bill payments, particularly targeting underserved communities in Nigeria. This expansion demonstrated Nomba's dedication to financial inclusion and its ability to adapt to the diverse needs of the African market.
Recognizing the potential to serve a broader spectrum of businesses, Nomba developed a suite of tools enabling companies to accept, process, and manage payments both online and offline. This strategic move addressed the challenges businesses faced in tracking sales and managing operations, positioning Nomba as a comprehensive solution provider in the fintech space.
Nomba's growth trajectory has been marked by significant milestones, including a Series B funding round in May 2023, where the company raised $30 million led by Base10 Partners. This funding has been instrumental in scaling Nomba's operations and enhancing its product offerings, solidifying its position as a leading fintech company in Africa.
Mission
Nomba's mission is to build a cashless Africa by providing accessible and affordable financial services, thereby driving economic growth and financial inclusion.
Vision
Nomba envisions a future where financial empowerment is within everyone's reach, fostering a thriving and inclusive economy across Africa.
Values
**Empathy**
Nomba treats everyone with kindness and respect, valuing both customers and employees.
**Passion**
The company is deeply committed to its mission, demonstrating enthusiasm and dedication in all its endeavors.
**Integrity**
Nomba upholds honesty and strong moral principles, ensuring trustworthiness in all interactions.
**Collaboration**
The company fosters teamwork and cooperation, recognizing that collective effort leads to greater success.
