Tech

Nigerian fintech startup, Kudi, changes name, becomes Nomba

Published

3 years ago

April 22, 2022

Nigerian fintech startup Kudi, will henceforth, be known as Nomba, as it transitions into an omni-channel payment platform which will provide enabling tools for businesses to grow.

The company, in a statement, said its change of name was necessitated by the expansion of its range of services to provide easy-to-use business tools for all kinds of businesses to accept, process and manage payments online and offline.

Co-founder of the the platform, Yinka Adewale, while expressing their delight in the way it has grown since its inception in 2017, said Kudi has enabled “underbanked and unbanked Nigerians to access basic financial services such as money transfers, bill payments and cash withdrawals through its agent network.”

“To further drive the expansion, the company has appointed two key new executives, Jeffrey Williams as vice president of business, and Toluwani Ijogun as vice president of brand, marketing and communications.

“Since our launch in 2017, our technology and insights have enabled merchants to earn and build successful businesses, transforming their own lives and that of others.

“Today, complimentary regulatory frameworks and well-thought-out partnerships with financial institutions have synergised to create an enabling environment for fintechs to chart the future of payments, making access to digital payment solutions ubiquitous,” said Adewale.

“These tools will offer more businesses of all sizes across Africa a distinct gateway into the digital economy, while enabling them optimise their operations.

“Over the next six months, Nomba plans to extend the penetration of its POS terminals across the country, giving more businesses access to technology that delivers real-time oversight of all business transactions whether they are a one-man business or a corporate, all on one dashboard.

“It also plans to expand its product offerings into invoicing, payroll management and other tools that boost the productivity of businesses,” he added.

Related Topics:Featured fintech Kudi Stsrtup

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Tech

Tanzanian fintech startup Tunzaa announces capital raise for expansion

Published

14 hours ago

December 4, 2024

Isaac Dachen

Tanzanian fintech startup, Tunzaa, has announced raising fresh funds to enable it carry out its expansion plans.

The fintech, which has developed an innovative payments API enabling e-commerce transactions to be processed in installments, said in a statement that it secured the funding from Warioba Ventures.

A statement by Warioba Ventures said:

“This investment underscores our commitment to fostering solutions that address the unique challenges of African markets while creating a ripple effect of financial empowerment and economic growth.

“We believe Tunzaa is poised to redefine how payments and savings are integrated into the e-commerce experience, setting a new standard for financial inclusion and innovation.”

Tunzaa offers flexible installment that empowers consumers to access products more conveniently while promoting financial inclusion and economic empowerment.

The platform inspires a culture of savings by enabling consumers to save towards specific goals through gamified incentives.

Tech

Egyptian freight-fowarding startup Nowlun raises $1.7m in seed funding

Published

2 days ago

December 3, 2024

Isaac Dachen

Egyptian digital freight forwarding platform, Nowlun, has announced raising $1.7 million in seed funding, which is a significant milestone for the Middle East and North Africa (MENA) logistics sector.

The seed funding round, according to Nowlun’s CEO, Moataz Khamis, was led by Nama Ventures and A15, with participation from Sanabil 500 Global and prominent angel investors.

In a statement announcing the funding, Khamis said the investment will fuel Nowlun’s ambitious expansion plans and accelerate the development of its innovative technology platform, which is transforming the logistics industry by offering instant, transparent, and competitive ocean freight rates, streamlined shipment management, and real-time visibility into cargo movements.

Founded in 2021 by Khamis, Mahmoud Khaled, and Ahmed Emara, Nowlun has rapidly established itself as a key player in the MENA logistics market, integrating all major shipping lines, providing businesses with unparalleled access to real-time pricing and enabling them to make faster, more informed decisions.

“Nowlun’s advanced shipment management system offers a comprehensive control tower, allowing users to track their cargo in real-time, receive instant notifications, and proactively manage any issues,” Khamis said.

“Throughout my decade in logistics, I’ve witnessed the daily inefficiencies shippers face.

“Driven by a sense of responsibility, my team and I are committed to transforming the industry using cutting-edge technology. This funding will empower us to further simplify the shipping process and make shippers’ lives easier,” he added.