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Numida

Working capital for African micro businesses

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.
Active Founders
Mina Shahid
Mina Shahid
Founder
Catherine Denis
Catherine Denis
Founder
Numida
Founded:2016
Batch:W22
Team Size:115
Status:
Active
Location:Kampala, Uganda
Group Partner:Tom Blomfield