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Nomba

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Nomba

Banking and payments for businesses in Africa

nomba.com
HQ: Lagos, LA, Nigeria
51-200
Fintech

Company research

Public company, workplace, funding, and market signals

Overview

Nomba is a Nigerian fintech and business-banking platform for merchants and SMEs, offering POS terminals, online checkout, business accounts, and cross-border payout tools. Public sources say it serves 600,000+ businesses, processes ₦7T+ monthly, and is expanding beyond Nigeria into cross-border infrastructure.

Primary product

Business banking and payments platform (POS, online checkout, business accounts, and payout infrastructure)

Founded

2017

Headquarters

Lekki / Lagos, Nigeria

Team size

200-300

Work style

Hybrid

Industry

Financial Services

Sub-industry

Fintech; payments infrastructure; business banking

Offices

WWC Lekki phase 1, Lagos, Nigeria (HQ)
19 Bosun Adekoya St, Maroko, Lagos, Nigeria
16 Billings Way, Oregun Ikeja, Lagos, Nigeria
Lekki, Lagos, Nigeria

Business model

merchant payment processing
business banking
cross-border payouts
embedded finance
merchant software / APIs

Funding

Stage

Pre-Series B

Total raised

$35.1M

Latest round

Pre-Series B · May 2023

Latest amount

$30M

People & investors

Leadership

Yinka Adewale

Co-founder & CEO

Pelumi Aboluwarin

Co-founder & CTO

Zainab Alabi

Head of Operations

Ibironke Alabi

Head of Business Banking

Micheal Abereoje

Head SME Assets

Abidemi Adesokan

Head, Growth & Marketing

Esther Temi Olaniyi

People Business Partner

Azeezat Ajala

Associate Business Partner

Oyeyemi Clement

Technical Lead

Chidinma Opeoluwa Oboli

IT Operations Lead

Investors

Base10 Partners
Helios Digital Ventures
Khosla Ventures
Michael Seibel
Musha Ventures
Partech
Shopify
Y Combinator

Work & culture

Public reviews describe Nomba as fast-paced, supportive, and low-bureaucracy, with a strong learning culture. Multiple reviews mention hybrid or remote flexibility, and some note that advancement can depend on visibility and that work can be intense or run late.

Work style

Hybrid

Compensation

Public salary snippets on company-profile aggregators show role-based pay bands, and internship listings mention a competitive stipend, but Nomba does not publish official compensation bands publicly.

Benefits

free lunch
health insurance
competitive internship stipend
collaborative team environment
mentorship and on-the-job training

Product & market

Pricing

No setup fees and free onboarding; transaction/merchant-fee pricing appears to be the core model, but exact published rates were not found.

Differentiators

  • —3-minute business account opening
  • —POS terminals with instant settlement
  • —online checkout plus business accounts in one platform
  • —multi-currency accounts (USD & NGN)
  • —overdrafts available without collateral
  • —developer-friendly APIs and sandbox
  • —36-state coverage in Nigeria
  • —industry-specific workflows for retail, hospitality, logistics, healthcare, and e-commerce
  • —cross-border payout infrastructure
  • —bank-grade security and 99.9% uptime

Technology

Google Cloud
Google Cloud Functions
Google Cloud Storage
Kubernetes
Java
Spring Boot
Node.js
Python
MongoDB
MySQL
PostgreSQL
Redis
Terraform
GitHub Actions
Flutter
Tableau
Power BI
Looker
Zoho CRM
Firebase

Customers

GIG Mobility
Burger King
GIG Logistics
Reliance HMO
Supersaver
HealthPlus
Wakanow
MegaPlaza
CrossFit Jagun
Buypower.NG
Medplus
Cowrywise
Cold Stone
ABC Transport
The Delborough

Competitors

Paystack
Flutterwave
Interswitch
Moniepoint
OPay
Paga
Bumpa
Remita
Nearpays
BudPay

Scale & contact

Estimated revenue

$1M-$10M

Estimated monthly visits

45.3K

Traffic estimate as of Jun 2026

support@nomba.com+234 18888866

Signals & risks

Acquisition
Feb 2026

Nomba acquired a licensed Canadian payments company / PSP-MSB pair and said it would invest about $2M to build Africa–Canada cross-border payment infrastructure; I found no public evidence of layoffs or shutdowns in the reviewed sources.

Source

Latest news

Why this Nigerian MFB isn't racing to approve loans in minutes

TechCabal · Jul 2026

Nombank, Nomba's microfinance banking subsidiary, described a slower 24-48 hour lending process backed by transaction data and human verification; the piece also cites strong loan growth and low NPLs.

Nomba launches Global Payout API to simplify cross-border payments for Nigerian businesses

TechPoint · Mar 2026

Nomba launched a Global Payout API that lets operators collect in naira or stablecoins and disburse cross-border payments to the UK, Europe, Canada, DRC, and Nigeria while reducing FX and compliance friction.

Nomba acquires Canadian payment provider to expand Africa–Canada flows

TechEconomy · Feb 2026

Nomba said it acquired a licensed Canadian PSP/MSB in Q2 2025 and would invest about $2M to strengthen regulated infrastructure for Africa–Canada B2B payments.

Nomba adds Apple Pay as Nigerian businesses seek easier global payments

TechCabal · Dec 2025

Nomba enabled Apple Pay for merchants across POS and online checkout, targeting diaspora and international card spend for Nigerian businesses.

Nomba enters Congo with remittance services in growth push

TechCabal · Nov 2025

Nomba expanded into the Democratic Republic of the Congo, starting with remittances and agent recruitment in Kinshasa before layering on more products.

BlogCareersCompany LinkedInDeveloper blog (Hashnode)Developer docs welcome pageDeveloper portalGitHub SDK repoHomepageThe Org team/org chartX / Twitter
SourcesOfficial homepageOfficial global pageCareers portalDeveloper portalDeveloper docs indexCompany LinkedInYC company pageTechCrunch funding articleTechCabal funding articleTechCabal Congo expansionTechCabal Apple Pay articleTechPoint Global Payout API articleTechEconomy Canada acquisition articleBuilt In company profileIndeed company reviewsProsple internship listingTheCompanyCheck funding profileStartup Intros profileThe Org org chartGitHub Nomba Android SDK

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