FUNDINGUpdated 1 months ago

Numida Uganda

Numida: Uganda/East Africa YC-backed micro business working capital app. USD 23M to 32,000 businesses since 2021. USD 12.3M Series A led by Serena Ventures.

English, French, Portuguese or Arabic, machine translated, with the original kept beside it.
Key Information
Organisation
Numida
Location
Uganda, East Africa, Uganda
Status
Open
Application Deadline
Rolling
Type
Working Capital
Amount
USD 100 to 5,000
Size
micro
Language
English
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Description

Numida is a Y Combinator-backed micro business working capital app focused on East Africa, primarily Uganda. Since 2021, Numida has disbursed over USD 23 million in loans to 32,000 micro-businesses, demonstrating strong unit economics in a market traditionally underserved by formal lenders. The company raised a USD 12.3 million Series A led by Serena Ventures (Serena Williams investment fund) with participation from other strategic investors. Numidas mobile-first model uses alternative data to underwrite loans for businesses without formal credit histories.

Focus Sectors

Microfinance, MSME, Working Capital