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
Public company, workplace, funding, and market signals
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
0 jobs at Numida
Check back later for new openings
Business model
Stage
Seed / pre-Series A
Total raised
$20.3M
Latest round
Pre-Series A equity-debt · Sep 2022
Latest amount
$12.3M
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
Investors
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
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
Technology
Customers
Competitors
Estimated revenue
$1M-$10M
Estimated monthly visits
2.7K
Capital FM Kenya · Jun 2026
Coverage of Numida’s Kenyan launch emphasizing performance-based financing, regional disbursement volume, and continued East African expansion.
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.