Numida Uganda

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.