Capital FM Kenya · Jun 2026
Coverage of Numida’s Kenyan launch emphasizing performance-based financing, regional disbursement volume, and continued East African expansion.
Working capital for African micro businesses
Company research
Public company, workplace, funding, and market signals
Overview
Numida is a Kampala-based East African fintech that provides unsecured, app-based working-capital loans to micro and small businesses, using data-driven underwriting and risk-based pricing. It began in Uganda and is now expanding across Kenya and Rwanda with a broader digital financial-services roadmap.
Primary product
Unsecured working-capital business loans via mobile app
Founded
2016
Headquarters
Kampala, Uganda
Team size
90-100
Work style
Flexible
Industry
Financial Services
Sub-industry
SME digital lending
Offices
Plot 7B Naguru East Road, Kampala, Uganda
Business model
direct-to-business unsecured lending
mobile-app loan origination
risk-based short-term lending
relationship-managed MSME financing
Funding
Stage
Seed / pre-Series A
Total raised
$20.3M
Latest round
Pre-Series A equity-debt · Sep 2022
Latest amount
$12.3M
People & investors
Leadership
Co-Founder, CEO
Chief Financial Officer
Chief Operating Officer
Head of Risk and Compliance
Director of Engineering
Head of Data, AI and Strategic Initiatives
Chief Risk Officer
Work & culture
Mission-driven, collaborative, and values-led, with stated values around client success, teamwork, doing what’s right, experimentation, having fun, and resilient optimism.
Work style
Flexible
Compensation
Public hiring posts emphasize competitive compensation and benefits; some roles also mention equity and professional development, but no salary bands or explicit visa-sponsorship policy were publicly posted.
Benefits
competitive compensation and benefits
equity
professional development opportunities
leadership development
collaborative mission-driven environment
flexible hybrid work environment
Product & market
Pricing
Risk-based short-term lending with monthly interest/fee pricing and late-payment penalties; public FAQs show Uganda first-loan interest at 13%–25% for one month and Kenya first-loan interest at 14%–19% for one month, while a Rwanda launch article cited a flat 10% fee.
Differentiators
- —Unsecured loans with no collateral
- —Mobile-app application and repayment flow
- —Loan decisions in 24 hours or less
- —Risk-based underwriting and pricing
- —Terms matched to business cash-flow cycles
- —Built for thin-file micro and small businesses
- —Regional expansion across East Africa
- —Relationship-officer support for premium lending
Technology
Google Analytics
Amplitude
dbt
Power BI
DocuSign
BambooHR
People HR
Harness
Google Drive
Google Docs
Google Sheets
WhatsApp
Facebook
Python/Django
React
React Native
reCAPTCHA
Redux Framework
Customers
micro and small businesses (MSBs)
small business owners in Uganda
MSMEs in Kenya
MSMEs in Rwanda
retail and wholesale traders
salons
clinics
spare-parts businesses
established MSMEs with monthly revenue above KES 300,000
Competitors
Aye Finance
Pezesha
Asaak
Emata
Tanda
Lupiya
MyCredit
Unguka Bank
Scale & contact
Estimated revenue
$1M-$10M
Estimated monthly visits
2.7K
Latest news
Capital FM Kenya · Jun 2026
Numida launched Kenyan operations and a Premium Lending offering for established MSMEs, citing 24-hour decisions, KES 30,000 minimum loans, and expansion across East Africa.
The New Times · Mar 2026
Reports Numida’s entry into Rwanda and its push to provide fast, collateral-free working-capital loans to SMEs.
Taarifa Rwanda · Mar 2026
Details Rwanda launch, target SME count, loan disbursement claims, and product mechanics such as app-based applications and collateral-free lending.
Financial Times / Statista · May 2025
Numida Technologies Inc. ranked 17th in Africa’s Fastest-Growing Companies 2025, with 2023 revenue of $3.57M and 102 employees reported in the FT/Statista ranking.
Jobs and careers at Numida
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