African Fintech Company Nomba Raises USD 30 M Pre-Series B

Nomba, a leading payment service provider for African businesses, has raised a USD 30 M Pre-Series B funding round to support the delivery of bespoke payment solutions for African businesses. The oversubscribed equity funding round was led by San Francisco-based Base10 Partners, with participation from Helios Digital Ventures, Shopify, Partech and Khosla Ventures. Nomba seeks to deliver payment solutions designed for specific business services, enabling them to plug gaps in their payment processes, operate more efficiently, and provide excellent customer experiences, with the new funding.

Nomba is a fully licensed payment service provider in Nigeria that serves businesses, from solopreneurs to large organizations, with payment solutions to help them grow and thrive. Nomba provides point-of-sale terminals, management and banking tools and other tools that makes it easier for businesses to accept offline and online payments, manage sales and do business better.