Numida

Working capital for African micro businesses

About

Numida provides working capital loans to African micro businesses. Instead of borrowing from informal lenders or family, micro business owners download the Numida app, apply in minutes, and receive capital within a day. We have figured out how to score and disburse unsecured loans to cash-based businesses that have no digital transaction history, while maintaining excellent collection rates. Since 2021 we have provided $23M in working capital to 32,000 businesses in East Africa.

FintechMicroinsurance

Facts

Website: numida.com
City: Kampala
Country: Uganda
YC batch: Winter 2022
Team: 115 people
Stage: Early stage
AI-native: No

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