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Numida Company Information

Numida, headquartered in Kampala, Uganda, operates within the fintech industry, focusing specifically on credit and lending. The company offers unsecured loans to cash-based micro businesses in East Africa that lack digital transaction histories. Since its inception in 2021, Numida has disbursed over $23 million in working capital to 32,000 businesses. The loans are facilitated through the Numida app, which allows for quick application and receipt of capital within a day. Numida maintains a robust collection rate and is licensed under the Uganda Microfinance Regulatory Authority (UMRA). It also adheres to regulations set by the Personal Data Protection Office (PDPO) under the National Information Technology Authority (NITA) and the Financial Intelligence Authority (FIA). The company employs a team of 115 and offers both remote and partly remote work options. Numida participated in Y Combinator’s W22 batch and is currently in an early stage of development. Additionally, the company promotes a ‘Share & Earn’ program and provides a transparent loan process on their website, complete with client testimonials.

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