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Nigerian fintech Nomba secures $3M debt facility from CardinalStone Finance to scale cross-border payments infrastructure across Africa.

PRIVATESep 07, 2026•about 17 hours ago

Amount Raised

$3 Million

Round Type

Seed

LagosLogistics

Investors

Cardinal Stone Finance Company Limited

Description

Nomba, a Nigerian payments startup, has secured a US$3 million debt facility through CardinalStone Finance Company Limited to expand its cross-border payments business. The funding will enable Nomba to scale its monthly transaction volume from US$480 million to US$1 billion and expand into new African markets including the Democratic Republic of Congo, Zambia, and Uganda. The debt facility will provide Nomba with greater USD liquidity to power its near-instant cross-border payment network and support trade between Central Africa and Asia. Founded in 2017 by Yinka Adewale and Pelumi Aboluwarin, Nomba is a profitable, omnichannel payment service provider.

Company Information

Company

Nomba

Location

Lagos, Lagos State, Nigeria

About

Nomba (formerly Kudi), provides access to everyday tools that simplify payments and drive business growth.

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