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Numida
Winter 2022
Active
Working capital for African micro businesses
115 people View on YC
Numida at a glance
- Y Combinator batch
- Winter 2022
- Status
- Active
- Industry
- Fintech
- Team size
- 115 people
- Location
- Not recorded
- Website
- Not recorded
Every field above comes from the Y Combinator company record. Nothing is estimated.
About Numida
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.
Tags:
Fintech
Microinsurance