Nomba, a Nigerian payments organization, recently raised $30 million from Base10 Partners as part of their pre-Series B. This money will help the business work more smoothly and make sure that their customers have an awesome experience.

Nomba Raises $30 Million

Nomba, a Nigerian payments company, was able to raise $30 million before they do their Series B round. They did this by having an equity round where the investor (Base10 Partners) gave them more money than expected. Other investors like Helios Digital Ventures, Shopify, Partech and Khosla Ventures were involved in the round too.

Nomba, formerly known as Kudi, will use the new investment it has gotten to create a payment system that can help them run efficiently and deliver great customer service. Yinka Adewale, who co-founded the company in 2017, says he is pleased with their achievement of raising capital.

We think of payment as an important way for businesses to grow, not just a product. That’s why we want to make it easier for businesses to use all their payment processes better and become more successful. We’ve got lots of products in the works and have already raised lots of money with investors who believe in our ideas of improving payments.

Luci Fonseca, a partner at Base10, said that she was really excited that her organization supported Nomba, because of their great record in creating innovative services with very little money. She also mentioned that they plan to help the payment company reach their goals and expand its business in Nigeria and everywhere else.

Nomba is already one of the best payment service providers in Africa because according to government estimates, it makes around $1 billion worth of transactions every month.

If you sign up for our email list, we’ll send you weekly updates about news in Africa straight to your inbox. If you have any thoughts or opinions about this story, let us know what they are in the comment section! Lastly, the images included were from Shutterstock, Pixabay and Wiki Commons.


Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

Follow us


CrypTokenTop is a website dedicated to providing comprehensive information and analysis about the world of cryptocurrencies. We cover topics such as Bitcoin, Ethereum, NFTs, ICOs, and other popular crypto topics. Our mission is to help people learn more about the crypto space and make informed decisions about their investments. We provide in-depth articles, analysis, and reviews for beginners and experienced users alike, so everyone can make the most out of the ever-evolving world of cryptocurrency.

© 2023 All Right Reserved. CryptokenTop