Nomba formerly called Kudi, a Nigerian payment service provider, has raised a $30 million Pre-Series B funding round to provide payment solutions for African businesses. The fintech company said the new capital will help deliver more solutions for businesses in Nigeria and Africa at large.
The funding round was pioneered by San Francisco-based Base10 Partners (investors in Nubank, Plaid and Brex), with participation from Helios Digital Ventures, Shopify, Partech, and Khosla Ventures.
The CEO and co-founder of Nomba, Yinka Adewale, in his remarks on the funding raising said “the company see payment as a business model, not just a product and we want to make it easier for businesses to take advantage of all that is possible in their payment processes to support their continued growth and success.”
According to Nomba, the company would deliver payment solutions that have been designed for the specific business services, enabling them to plug gaps in their payment processes, operate more efficiently and deliver excellent customer experiences.
The solutions connect business transactions to their payments system, creating a seamless experience that can increase sales and profits.