Diligence memo · auto-generated · as of July 1, 2026
Nomba
Nomba looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Nomba operates in Fintech, based in Lagos, LA, Nigeria. Banking and payments for businesses in Africa
Sub-sector tags: Fintech, fintech.
Capital & rounds (filed)filed
Nomba has raised $30M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $30M on 2023-05-03.
Most recent recorded round closed around 2023-05-03.
Valuation (modeled)modeled
Provath models Nomba at approximately $340M (range $72M–$760M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
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.
Comparablesmixed
Capital scale ranks ahead of 95% of Fintech peers (1063 compared).
Modeled value ranks above 94% of those peers.
Closest niche peers: PayMongo Inc., Treasury Prime Inc., Advisor Credit Exchange, LLC, Butter Payments, Inc., Apto Payments, Inc..
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.