Numida
Curated by SignalFintech platform offering quick unsecured loans to African businesses.
About
Numida is a fintech company that focuses on providing commercial micro loans to semi-formal micro and small businesses in Africa. The company utilizes technologies such as artificial intelligence and big data analytics to offer unsecured working capital loans ranging from $100 to $5,000, which are disbursed via mobile money. The platform aims to address the issue of limited access to working capital for these businesses, with loan approvals typically occurring within a two-hour timeframe. Numida uses proprietary underwriting models to evaluate risk and ensure compliance with data privacy regulations, which contributes to a streamlined application process that is aligned with the cash flow requirements of small enterprises.
Key facts
- Founded
- 2015
- Headquarters
- Kampala, Uganda
- Stage
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- Industry
- Financial Technology
- Sector
- Digital Lending
Business model
- GTM channel
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- 4 products and services
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- Commercial model
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Contact
- Primary office
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- Phone
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