Numida
YC W22Working capital for African micro businesses
Kampala, Central Region, UgandaFounded 2022115 employeesnumida.com
Team
115
Founded
2022
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.
Tags
Fintech Microinsurance Fintech
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