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Winter 2022Fintech

Numida

Working capital for African micro businesses

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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.

Quick facts

YC Batch
Winter 2022
Founded
2016
Headquarters
Kampala, Uganda
Team size
115
Industry
Fintech • Fintech -> Credit and Lending
Tags
fintech, microinsurance
Website
numida.com
Profiles
LinkedIn · Twitter · Crunchbase

Founders

Mina Shahid
Founder
Co-Founder and CEO of Numida. I'm a two time founder and along with Numida's CTO I previously worked on another lending company in Ghana that failed. I'm Egyptian and Canadian and have lived and worked in Uganda, Ghana, …
Catherine Denis
Founder
Co-founder and COO of Numida. I have lived and worked in Uganda, Rwanda, Burkina Faso, Mali, Haiti and Colombia for 8+ years figuring out how to build teams, build robust processes, and get things done in challenging env…

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