Numida

Numida is a rapidly growing digital financial institution in East Africa serving micro- and small businesses. The company helps entrepreneurs turn their subsistence businesses into growth businesses by getting them to ditch pen and paper and digitize their operations.

Numida provides working capital loans to African micro businesses. Instead of borrowing from informal lenders or family, micro business owners download the Numida app, apply in minutes, and receive capital within a day. We have figured out how to score and disburse unsecured loans to cash-based businesses that have no digital transaction history, while maintaining excellent collection rates. Since 2021 we have provided $23M in working capital to 32,000 businesses in East Africa.