Companies · Fintech
Lagos · LA, Nigeria · Fintech · founded 2016 · https://nomba.com
Diligence memoA one-page analyst read on Nomba — recommendation, valuation, rhythm, risks.→Nomba looks fair against its niche peers and is dormant on financing cadence.
Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the fintech sector profile.
Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.
Nomba is one of 1063 Fintech companies tracked from Lagos, LA, Nigeria, on record since 2016. By capital raised it ranks among the largest (ahead of 95% of sector peers), and among the largest by modeled valuation est..
Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.
AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%
operates a technology-led product inferred from public copy
Grounded in: “You are a venture analyst”
Banking and payments for businesses in Africa
Nomba provides Banking and payment to over 200k+ business in Africa (Nigeria & DRC).
As reported in public records reported — not modeled.
Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.
The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.
Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.
Round size and date are reported; the stage label is inferred from round size (latest is Series B — a $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the fintech sector profile. Directional, not a quoted figure.
Not enough modeled valuation points to chart a trajectory.
Benchmarked against 1063 companies in Fintech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.
Raised more than 95% of sector peers (real $). Modeled value above 94% of peers (estimate).
A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #6 of 14.
| Company | Stage | Raised · real | Value · est | vs peer med. |
|---|---|---|---|---|
| PayMongo Inc. | Series B | $45.8M | $538.6M | 1.98× |
| Treasury Prime Inc. | Series B | $54.1M | $490.4M | 1.80× |
| Advisor Credit Exchange, LLC | Series B | $31.3M | $364.0M | 1.34× |
| Butter Payments, Inc. | Series B | $27.5M | $360.1M | 1.32× |
| Apto Payments, Inc. | Series B | $27.2M | $357.6M | 1.31× |
| Nomba this company | Series B | $30.0M | $339.9M | 1.25× |
| Forward Lending, Inc. | Series B | $55.8M | $293.3M | 1.08× |
| Mozaic Payments, Inc. | Series B | $25.6M | $250.7M | 0.92× |
| PayAll Payment Systems, Inc. | Series B | $17.2M | $240.9M | 0.89× |
| Wealth, Inc./AZ | Series B | $29.1M | $201.8M | 0.74× |
| Formance, Inc. | Series B | $25.1M | $116.3M | 0.43× |
| Female Invest Inc. | Series B | $15.8M | $115.7M | 0.43× |
Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Series B | $30.0M | 2023-05-03 | $166.7M | $339.9M | 45% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.
Nomba is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| Wealth, Inc./AZ | Fintech | Series B | $29.1M | $201.8M | same sector · same stage |
| Aside, Inc. | Fintech | Series B | $29.0M | $35.4M | same sector · same stage |
| Advisor Credit Exchange, LLC | Fintech | Series B | $31.3M | $364.0M | same sector · same stage |
| Razorpay, Inc. | Fintech | Series B | $31.6M | $629.7M | same sector · same stage |
| Butter Payments, Inc. | Fintech | Series B | $27.5M | $360.1M | same sector · same stage |
| Heru, Inc. | Fintech | Series B | $32.8M | $22.2M | same sector · same stage |
| SafetyKit, Inc. | Fintech | Series B | $27.2M | $155.4M | same sector · same stage |
| Apto Payments, Inc. | Fintech | Series B | $27.2M | $357.6M | same sector · same stage |
Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.
| Company | Sector | Stage | Value · est | Match |
|---|---|---|---|---|
| Lenco Pan-African digital bank for Africa's 50m businesses | Fintech | — | — | 80% |
| Fingo Africa A neobank for Africa's 500 million youth | Fintech | — | — | 79% |
| VaultPay Digital banking platform for the 30 million smartphone users in DRC. | Fintech | — | — | 78% |
| Rank (formerly Moni) Group Financing for small businesses across Africa. | Fintech | — | — | 77% |
| Paystack, Inc. Modern payments infrastructure for Africa | Fintech | Series A | $292.6M | 77% |
| Duplo Venmo for B2B in Africa | Fintech | Seed | $52.6M | 77% |
| CrowdForce Crowdforce is an app that allows any local merchant in Africa,… | Fintech | Series A | $52.6M | 77% |
| Nomod The UAE’s leading small business payments platform | Fintech | — | — | 76% |
See where Nomba sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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