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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 197 active competitors, including 15 funded and 19 that have exited. Its top competitors include companies like Zenskar, Xifin 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
XFacebook
Email ID
*****@nomba.com
Phone Number
+234 **********
Key Metrics
Founded Year
2016
Location
Lagos, Nigeria
Stage
Series B
Total Funding
$42.7M in 7 rounds
Post Money Valuation
$***** as on May 02, 2023
Ranked
Employee Count
421 as on Aug 31, 2026
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Nomba's funding and investors

Nomba has raised a total funding of $42.7M over 7 rounds. Nomba has 12 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Nomba:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Sep 04, 2026
2027127
Conventional Debt
1667646
5318838
3994741
3726373
May 02, 2023
8168839
Series B
9774465
7330645
2552178
Mar 04, 2019
1164062
Series A
4993279
9178748
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Nomba's founders and board of directors

Founder? Claim Profile
The founders of Nomba is Yinka Adewale. Yinka Adewale is the CEO of Nomba.
Here are the details of Nomba's key team members:

Nomba's employee count trend

Nomba has 421 employees as of Aug 26. Here is Nomba's employee count trend over the years:
Employee count trend for Nomba
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Nomba's Competitors and alternates

Top competitors of Nomba include Zenskar, Xifin and Cerillion Technologies. Here is the list of Top 10 competitors of Nomba, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Nomba
Nomba
2016, Lagos (Nigeria), Series B
App-based payment acceptance solutions for SMBs
$42.7M
76/100
2nd
Logo for Zenskar
Zenskar
2022, New York City (United States), Series A
Provider of automated billing revenue recognition and usage metering software
$21.5M
68/100
3rd
Logo for Xifin
Xifin
1997, San Diego (United States), Acquired
Cloud-based billing & revenue cycle management solutions for diagnostic service providers
$6M
64/100
4th
Provider of composable BSS/OSS software solutions for telecom operators
$9M
62/100
5th
Logo for Parasut
Parasut
2013, Istanbul (Turkey), Acquired
Cloud-based invoice management and collection solutions for small & medium businesses
$3.99M
62/100
6th
Logo for Klarity
Klarity
2017, San Francisco (United States), Series B
Account receivables and billing management platform
$90M
60/100
7th
Logo for ezyCollect
ezyCollect
2011, Sydney (Australia), Acquired
Accounts receivable automation software
$12.3M
58/100
8th
Logo for Sequence
Sequence
2021, New York City (United States), Series A
Integrated billing and pricing solution for businesses
$39M
57/100
9th
Logo for Subskribe
Subskribe
2020, Danville (United States), Acquired
Provider of quote-to-revenue platform simplifying CPQ, billing, and revenue recognition
$18.4M
56/100
10th
Logo for Tabs
Tabs
2023, New York City (United States), Series B
Provider of AI-powered platform automating contract-to-cash processes for finance teams
$91M
55/100
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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 4 events in the last 1 year.
•
Kudi, Africa’s Financial Technology Company, Changes Name to NombaAfrica Business Communities•Apr 18, 2022•Nomba
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