Payments firm Numba secures a $30 million financing round

Company has Numba Nomba (a Nigerian payments startup) has raised $30 million in a pre-Series B funding round.

Also Read: Nigeria Sees Huge Leap In Adoption Of “Digital Naira” Amidst Liquidity Shortage

Where I led a company Base10 Partners The San Francisco-based startup’s stock round was oversubscribed, and also participated in the round: Helios Digital Ventures, Shopify, PartechAndKhosla Ventures.

According to the report, the company Numbapreviously known as Codyis investing to produce a payments solution that enables it to bridge the gaps in its payment processes, and the new solution is expected to help the startup operate more efficiently and provide excellent customer experiences.

Nigeria: Payments firm Numpa secures a $30 million financing round

For his part he said Yinka Adewalewho co-founded the Payments Company in 2017, commenting on the startup’s successful capital raise:

“We see payment as a business model rather than just a product, and we want to make it easier for businesses to take advantage of everything possible in the payment process, to support their continued growth and success.

We have a long list of products that we have worked on and the money we have raised, as well as the investors who have supported us, and this gives us a lot of confidence about what can be achieved, with more effective payment solutions in the hands of business owners.”

In turn, the partner commented Base10, Luci Fonsecathat record Numba In innovation and capital efficiency, this is what convinced her foundation to support the payments company, as she said:

“We are delighted to support them to deliver game-changing solutions, in order to foster the continued growth and success of businesses in Nigeria and beyond.”

Also read: Nigeria: Central Bank reveals guidelines for open banking services

Note that it has been rated Numba Among the top payment service providers in Africa, with a monthly transaction value of approximately $1 billion.

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