TL;DR: Numida is a Y Combinator Winter 2022 startup Working capital for African micro businesses, currently active with a team of 115.
Working capital for African micro businesses
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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.
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Yes. Numida was funded by Y Combinator in the Winter 2022 batch. Working capital for African micro businesses
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…
Numida was part of Y Combinator's Winter 2022 batch.
Numida has a team of 115 people according to Y Combinator's directory.
Numida is currently listed as Active with a team of 115 in Y Combinator's directory.
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