Numida

Working capital for African micro businesses

Numida is a business in university startup ecosystem based in Kampala, Central Region, Uganda.

Profile

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.

The company sits in the university startup ecosystem segment, where it competes on its core product or service.

Its base of operations is Kampala, Central Region, Uganda.

Its current recorded stage is Winter 2022.

The company reports a headcount in the 115 range.

Website: numida.com