Nomba- 10 Brands to Watch 2025
Nomba
Full Name | Nomba (formerly Kudi) |
Year of Origin / Rebrand | Founded as Kudi (2017); rebranded to Nomba (April 2022) |
Website | |
Founders / Leadership | Adeyinka (Yinka) Adewale and Pelumi Aboluwarin |
Core Service Offering | Omni-channel payment platform for businesses: integrated POS (card, cash, USSD, QR), dashboard, trade finance, reporting, multi-location management |
Merchant Reach & Activity | 150,000+ registered businesses; US$16M daily payment volume; 500,000+ daily transactions; 10,000 merchants added monthly |
Funding & Valuation | Pre-Series B: $30M raised (May 2023) led by Base10, Shopify, Partech, Khosla, Helios Digital Ventures; valuation above $150M |
Strategic Tools & Expansion | Building Nomba MAX POS for verticals like restaurants and logistics; plans to expand industry-specific business tools |
Best Known As | Merchant-first fintech platform supporting SMEs with multi-channel payments and strong business operations visibility |
Nomba, formerly known as Kudi, is an African fintech company that traces its origins to 2017, when it began as a chatbot designed to simplify payments. It rebranded to Nomba in April 2022, signaling a bold transition into an omni-channel payment platform that equips businesses across the continent with integrated tools to accept and manage payments both online and offline.
At the heart of Nomba’s offerings are its merchant-focused tools: it enables seamless onboarding, such that merchants can self-register in under five minutes and equips them with a unified dashboard and integrated terminal capable of handling cash, card, transfers, USSD, and QR across multiple touchpoints.
Today, Nomba supports over 150,000 businesses on its platform, processes more than US$16 million in daily payments across over 500,000 unique transactions, and onboards over 10,000 new merchants every month—demonstrating powerful reach and adoption in Nigeria’s informal and formal business sectors.
In May 2023, Nomba fetched a substantial US $30 million in pre-Series B funding led by Base10 Partners, with participation from Shopify, Partech, Khosla Ventures, and Helios Digital Ventures. The round valued the company at over US $150 million and will support the rollout of new vertical-focused tools such as the upcoming Nomba MAX POS terminal tailored for restaurants and logistics—and deepen its mission to drive SME digitalization.
