Nomba - About the company
Nomba is a series B company based in Lagos (Nigeria), founded in 2016 by Yinka Adewale. It operates as an App-based payment acceptance solutions for SMBs. Nomba has raised $42.7M in funding from investors like Y Combinator, Khosla Ventures and Ventures Platform, with a current valuation of $*****. The company has 216 active competitors, including 13 funded and 18 that have exited. Its top competitors include companies like Xifin, Klarity and Cerillion Technologies.
Company Details
App-based payment acceptance solutions for SMBs. It offers solutions for payment tracking, payment management, payment acceptance, and more. It also offers invoice and inventory management solutions. The app is available for iOS and Android users.
- Website
- nomba.com
- Social
- Email ID
- *****@nomba.com
- Phone Number
- +234 **********
Key Metrics
Founded Year
2016
Location
Lagos, Nigeria
Stage
Series B
Total Funding
$42.7M in 6 rounds
Latest Funding Round
Post Money Valuation
$***** as on May 02, 2023
Investors
Ranked
1st among 216 active competitors
Employee Count
416 as on Jul 31, 2026
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Nomba's funding and investors
Nomba has raised a total funding of $42.7M over 6 rounds. Its latest funding round was a Series B round on May 02, 2023 for $*****. 5 investors participated in its latest round. Nomba has 12 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Nomba:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 02, 2023 | 1954501 | Series B | 1329965 | 6095292 | 8049947 | 1613958 |
Mar 04, 2019 | 2555010 | Series A | 6008246 | 5953328 | 2132413 | |
2018 | 7608 | Seed | 6327 | 4582 | 1570 |
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Nomba's founders and board of directors
Founder? Claim ProfileThe founders of Nomba is Yinka Adewale. Yinka Adewale is the CEO of Nomba.
Here are the details of Nomba's key team members:
- Yinka Adewale: Co-Founder & CEO of Nomba and founder of 1 other company. Contact Info: 2 email addresses
View details of Nomba's Founder profiles and Board Members
Nomba's employee count trend
Nomba has 416 employees as of Jul 26. Here is Nomba's employee count trend over the years:
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Nomba's Competitors and alternates
Top competitors of Nomba include Xifin, Klarity and Cerillion Technologies. Here is the list of Top 10 competitors of Nomba, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | App-based payment acceptance solutions for SMBs | $42.7M | 75/100 | ||
2nd | Xifin 1997, San Diego (United States), Acquired | Cloud-based billing & revenue cycle management solutions for diagnostic service providers | $6M | 63/100 | |
3rd |  Klarity 2017, San Francisco (United States), Series B | Account receivables and billing management platform | $90M | 63/100 | |
4th | Cerillion Technologies 1999, London (United Kingdom), Public | Provider of composable BSS/OSS software solutions for telecom operators | $9M | 62/100 | |
5th | Cloud-based invoice management and collection solutions for small & medium businesses | $3.99M | 62/100 | ||
6th |  ezyCollect 2011, Sydney (Australia), Acquired | Accounts receivable automation software | $12.3M | 58/100 | |
7th |  Sequence 2021, New York City (United States), Series A | Integrated billing and pricing solution for businesses | $39M | 57/100 | |
8th |  Subskribe 2020, Danville (United States), Acquired | Provider of quote-to-revenue platform simplifying CPQ, billing, and revenue recognition | $18.4M | 56/100 | |
9th |  Apttus 2006, San Mateo (United States), Acquired | Provider of document automation, contract lifecycle management, and revenue management solutions | $474M | 54/100 | |
10th |  Tabs 2023, New York City (United States), Funding Raised | Provider of revenue automation platform streamlining contract-to-cash processes for businesses | - | 54/100 |
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Nomba's Investments and acquisitions
Nomba has made no investments or acquisitions yet.
Reports related to Nomba
Here is the latest report on Nomba's sector:
News related to Nomba
Media has covered Nomba for a total of 2 events in the last 1 year.
•
Nomba Acquires Canadian Payments Firm to Power Africa-Canada TradeTechpoint.Africa•Feb 04, 2026•Nomba
•
Mastercard and Nomba Partner to Boost Digital Transactions in NigeriaBusinessDay•Apr 03, 2025•Nomba, Mastercard
•
Nigerian payments startup Nomba raises $30m pre-Series B roundDisrupt Africa•May 03, 2023•Nomba, Helios, Shopify, Partech Partners and 8 others
•
Crypto Storage Provider Zodia Custody Raises $36M From SBI Holdings, Standard CharteredCoinDesk•Apr 27, 2023•Zodia Custody, SBI Group, SC Ventures, Standard Chartered and 5 others
•
Kudi, Africa’s Financial Technology Company, Changes Name to NombaAfrica Business Communities•Apr 18, 2022•Nomba
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