About Nomba
Nomba is a company based in Lagos (Nigeria) founded in 2016 by Yinka Adewale and Pelumi Aboluwarin.. Nomba has raised $37.71 million across 5 funding rounds from investors including Shopify, Khosla Ventures and Partech Partners. Nomba operates in a competitive market with competitors including Model N, Cerillion, Cacheflow, Xifin and Parasut, among others.
- Headquarter Lagos, Nigeria
- Founders Yinka Adewale, Pelumi Aboluwarin
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$37.71 M (USD)
in 5 rounds
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Latest Funding Round
$30 M (USD), Series B
May 02, 2023
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Investors
Shopify
& 10 more
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Employee Count
Employee Count
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Funding Insights of Nomba
Nomba has successfully raised a total of $37.71M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $30.0M
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First Round
First Round
(01 Apr 2017)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series B - Nomba | Valuation | Base10 Partners | |
| Mar, 2019 | Amount | Series A - Nomba | Valuation | Partech Partners | |
| Jun, 2018 | Amount | Seed - Nomba | Valuation | Musha Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Nomba
Nomba has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Shopify, Khosla Ventures and Partech Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are managed by Base10 Partners in technology for the real economy, with operations in finance, food, retail, and related sectors.
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Founded Year | Domain | Location | |
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Private equity investments are managed across multiple sectors by Helios.
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Founded Year | Domain | Location | |
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Venture capital is provided to global tech startups and scale-ups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nomba
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Nomba
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nomba Comparisons
Competitors of Nomba
Nomba operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Model N, Cerillion, Cacheflow, Xifin and Parasut, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based revenue management solution for life sciences and hi-tech companies
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| domain | founded_year | HQ Location |
Cloud-based billing and customer management solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based quote-to-cash solutions are offered for invoice management.
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| domain | founded_year | HQ Location |
Cloud-based billing & revenue cycle management solutions for diagnostic service providers
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| domain | founded_year | HQ Location |
Cloud-based invoice management and collection solutions for small & medium businesses
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nomba
Frequently Asked Questions about Nomba
When was Nomba founded?
Nomba was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Nomba located?
Nomba is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of Nomba?
Yinka Adewale is the current CEO of Nomba. They have also founded this company.
Is Nomba a funded company?
Nomba is a funded company, having raised a total of $37.71M across 5 funding rounds to date.
What does Nomba do?
Nomba was founded in 2016 in Lagos, Nigeria, focusing on fintech services for small and medium-sized businesses. Payment acceptance, tracking, and management are provided through a mobile app, along with invoice and inventory management tools. Operations center on digital payment processing tailored to business needs. The platform is accessible via iOS and Android devices in the Nigerian market.
Who are the top competitors of Nomba?
Who are Nomba's investors?
Nomba has 11 investors. Key investors include Shopify, Khosla Ventures, Partech Partners, Helios Investment Partners, and Base10 Partners.
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