Numida Technologies
Latest round
- Series A
Last raised
- Jun 2022
Total raised
- $7.3M
Investors
- 8
About Numida Technologies
Founded in 2016 in Uganda, Numida Technologies Inc. offers financial solutions exclusively for small and medium-sized enterprises (SMEs).00 mn in VENTURE DEBT from Lendable.Numida specializes in providing business loans specifically designed for small and medium-sized enterprises (SMEs) in Uganda. Clients can download the Numida app from the Play Store, where they submit a photo of their National ID, provide essential business details, and receive a loan decision promptly. The service targets entrepreneurs across various sectors, including retail, technology, and services, assisting them in overcoming financial hurdles to expand their operations.Numida generates revenue primarily through interest on loans disbursed to its clients. The transaction structure operates on a straightforward model where SMEs apply for loans through the mobile app, and upon approval, funds are transferred directly to their business accounts. The loans carry competitive interest rates, which contribute to the company’s revenue stream as clients repay the borrowed amounts over predetermined periods. Numida’s revenue model is bolstered by its focus on providing tailored financial solutions that cater to the unique needs of its client base, ensuring that the repayment terms align with the cash flow cycles of the businesses served.6 mn. Specific details on the new products being developed or upcoming launches were not disclosed.
Who invested in Numida Technologies
8 investors across 2 rounds
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Questions about Numida Technologies
Who invested in Numida Technologies?
Numida Technologies has 8 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Numida Technologies raised?
Numida Technologies has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Numida Technologies last raise money?
Numida Technologies's most recent round on record is a Series A, in Jun 2022.
What does Numida Technologies do?
Founded in 2016 in Uganda, Numida Technologies Inc.
Where is Numida Technologies headquartered?
Numida Technologies is headquartered in Uganda.
Which VCs invest in companies like Numida Technologies?
Among active investors with capital left to deploy, Al Mada Innovation, DisrupTech Ventures, AXIAN Investment and Chui Ventures back financial services companies at Numida Technologies's stage. Their profiles are linked below.
VCs backing financial services startups at Series A
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