Companies · Fintech

NombaWinter 2017Active

Lagos · LA, Nigeria · Fintech · founded 2016 · https://nomba.com

Diligence memoA one-page analyst read on Nomba — recommendation, valuation, rhythm, risks.
$30.0M
Total raised · real
1
Rounds
Latest step-up
Top 6%
Sector rank · raised
Series B
Latest stage · inferred · Wed May 03 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

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.

Fair
  • Modeled value is 1.25× the median modeled value of Series B Fintech companies in 2022–2024 (14 peers) — value vs value, same stage and era.
  • Within the normal band (125% of peer median) for its niche.
Dormant
  • Last raise 3.2 yr ago; this sector typically re-raises about every 12 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Where it sits in Fintech

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).

Fintechfintech
Find Nomba online

As reported in public records reported — not modeled.

NG
Jurisdiction
Amount raised vs valuation, by round

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.

Amount raised · realModeled valuation · estCumulative funded · real
$0$125M$250M$375M$500MSeries B · 2023-05-03 Raised $30M (real) Modeled valuation $340M (est)$30M$340MSeries B2023

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.

Financing ladder & sequence gaps
Series B$30.0M · 2023

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%.

Modeled valuation trajectory
$339.9M
Base estimate est.
$72.0M
Conservative case
$759.8M
Upside case
$166.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $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.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
65%
Survival probability
43% low · 80% high
1.43×/yr
Annual markup
1.74×/yr upside case
3.2 yr
Elapsed time used
3.2 yr actual, capped for stale marks
fintech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
3.2 yr
On record since
2023
First round
1
Rounds on file
How it compares to the market

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.

Total raised — vs sector median (real $, all stages) 7.0× above median
This company$30.0M
Sector median$4.3M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.5× above median
This company$30.0M
Sector median$20.0M
Modeled value — vs sector median (estimate, all stages) 7.5× above median
This company$339.9M
Sector median$45.0M

Raised more than 95% of sector peers (real $). Modeled value above 94% of peers (estimate).

Niche peers — same stage & era

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.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)PayMongo Inc. · Series B Raised $45.8M · modeled $538.6M (est)Treasury Prime Inc. · Series B Raised $54.1M · modeled $490.4M (est)Advisor Credit Exchange, LLC · Series B Raised $31.3M · modeled $364.0M (est)Butter Payments, Inc. · Series B Raised $27.5M · modeled $360.1M (est)Apto Payments, Inc. · Series B Raised $27.2M · modeled $357.6M (est)Forward Lending, Inc. · Series B Raised $55.8M · modeled $293.3M (est)Mozaic Payments, Inc. · Series B Raised $25.6M · modeled $250.7M (est)PayAll Payment Systems, Inc. · Series B Raised $17.2M · modeled $240.9M (est)Wealth, Inc./AZ · Series B Raised $29.1M · modeled $201.8M (est)Formance, Inc. · Series B Raised $25.1M · modeled $116.3M (est)Female Invest Inc. · Series B Raised $15.8M · modeled $115.7M (est)Nomba (this company) Raised $30.0M · modeled $339.9M (est)Nomba
CompanyStageRaised · realValue · estvs peer med.
PayMongo Inc.Series B$45.8M$538.6M1.98×
Treasury Prime Inc.Series B$54.1M$490.4M1.80×
Advisor Credit Exchange, LLCSeries B$31.3M$364.0M1.34×
Butter Payments, Inc.Series B$27.5M$360.1M1.32×
Apto Payments, Inc.Series B$27.2M$357.6M1.31×
Nomba this companySeries B$30.0M$339.9M1.25×
Forward Lending, Inc.Series B$55.8M$293.3M1.08×
Mozaic Payments, Inc.Series B$25.6M$250.7M0.92×
PayAll Payment Systems, Inc.Series B$17.2M$240.9M0.89×
Wealth, Inc./AZSeries B$29.1M$201.8M0.74×
Formance, Inc.Series B$25.1M$116.3M0.43×
Female Invest Inc.Series B$15.8M$115.7M0.43×
Full financing history

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.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$30.0M2023-05-03$166.7M$339.9M45%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$30.0M2023-05-03
    • First recorded raise — entered as Series B.
Intelligence
Modeled next raise
$48.0M
Modeled next size est.range $31.2M$76.8M
Last step-up
Capital velocity

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.

Registry & provenance

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.

United States
Country of record
NG
Jurisdiction
Similar companies

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.

CompanySectorStageRaised · realValue · estWhy similar
Wealth, Inc./AZFintechSeries B$29.1M$201.8Msame sector · same stage
Aside, Inc.FintechSeries B$29.0M$35.4Msame sector · same stage
Advisor Credit Exchange, LLCFintechSeries B$31.3M$364.0Msame sector · same stage
Razorpay, Inc.FintechSeries B$31.6M$629.7Msame sector · same stage
Butter Payments, Inc.FintechSeries B$27.5M$360.1Msame sector · same stage
Heru, Inc.FintechSeries B$32.8M$22.2Msame sector · same stage
SafetyKit, Inc.FintechSeries B$27.2M$155.4Msame sector · same stage
Apto Payments, Inc.FintechSeries B$27.2M$357.6Msame sector · same stage
Semantically similar

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.

CompanySectorStageValue · estMatch
Lenco
Pan-African digital bank for Africa's 50m businesses
Fintech80%
Fingo Africa
A neobank for Africa's 500 million youth
Fintech79%
VaultPay
Digital banking platform for the 30 million smartphone users in DRC.
Fintech78%
Rank (formerly Moni)
Group Financing for small businesses across Africa.
Fintech77%
Paystack, Inc.
Modern payments infrastructure for Africa
FintechSeries A$292.6M77%
Duplo
Venmo for B2B in Africa
FintechSeed$52.6M77%
CrowdForce
Crowdforce is an app that allows any local merchant in Africa,…
FintechSeries A$52.6M77%
Nomod
The UAE’s leading small business payments platform
Fintech76%
Frequently asked
How much funding has Nomba raised?
Nomba has raised approximately $30.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Nomba's estimated valuation?
Provath's modeled valuation for Nomba is approximately $339.9M (modeled range $72.0M–$759.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Nomba at?
Nomba's latest modeled financing stage is Series B. Its most recent recorded round closed around Wed May 03.
What does Nomba do and where is it based?
Nomba operates in the Fintech sector, based in Lagos, LA, Nigeria. Banking and payments for businesses in Africa
Explore related

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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