Numida
Numida provides working capital loans to African micro businesses
https://numida.com
51-200 employees
Growth Trajectory
Numida aims to enable 1 million small business owners by 2030 by expanding its services beyond credit to include savings, insurance, payments, logistics, and financial/HR management. They are focused on further developing their mobile platform and data analytics capabilities to serve more businesses across Africa.
Technical Challenges
Ensuring data security during internet transmission.
Maintaining the security and reliability of the mobile lending platform.
Integrating with various mobile money platforms.
Scaling the platform to enable 1 million businesses by 2030.
Tech Stack
Mobile platformAmazon Web Services (AWS)Virtual Private Cloud (VPC)Mobile Money platforms (MTN and Airtel)
Team Size
Key Risks
Meeting customer demand with limited capital.
Ensuring data security during internet transmission to the app.
Maintaining competitive interest rates in the lending market.
Managing the risk of loan scams and fraudulent activities targeting business owners.
Potential regulatory compliance challenges in different African countries as they expand.
Opportunities
Expanding services to include savings, insurance, payments, logistics, and financial/HR management.
Leveraging partnerships with regulatory bodies and mobile money platforms.
Further developing the mobile lending platform and financial assessment tools.
Geographic expansion within Africa to reach more small business owners.
Collaborating with suppliers to offer better credit terms to Numida's customers.
Live Data Stream
Access Our Live VC Funding Database
30,000+ funded startups
tracked in the last 3 months
B2B verified emails
of key decision makers
Growth metrics
Real-time company performance data
Live updates
of new VC funding rounds
Advanced filters
for sophisticated queries
API access
with multiple export formats