Companies · Fintech

NumidaWinter 2022Active

Kampala · Central Region, Uganda · Fintech · founded 2022 · https://numida.com

Diligence memoA one-page analyst read on Numida — recommendation, valuation, rhythm, risks.
$2.3M
Total raised · real
1
Rounds
Latest step-up
Top 23%
Sector rank · raised
Seed
Latest stage · inferred · Wed Apr 14 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Numida 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 1.14× the median modeled value of Seed Fintech companies in 2019–2021 (34 peers) — value vs value, same stage and era.
  • Within the normal band (114% of peer median) for its niche.
Dormant
  • Last raise 5.2 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

Numida is one of 1063 Fintech companies tracked from Kampala, Central Region, Uganda, on record since 2022. By capital raised it ranks in the upper tier (ahead of 78% of sector peers), and in the upper tier 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

Working capital for African micro businesses

Numida provides working capital loans to African micro businesses. Instead of borrowing from informal lenders or family, micro business owners download the Numida app, apply in minutes, and receive capital within a day. We have figured out how to score and disburse unsecured loans to cash-based businesses that have no digital transaction history, while maintaining excellent collection rates. Since 2021 we have provided $23M in working capital to 32,000 businesses in East Africa.

FintechMicroinsurance
Find Numida online

As reported in public records reported — not modeled.

UG
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$25M$50M$75M$100MSeed · 2021-04-14 Raised $2.3M (real) Modeled valuation $55M (est)$2.3M$55MSeed2021

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
Seed$2.3M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$55.4M
Base estimate est.
$2.0M
Conservative case
$351.5M
Upside case
$11.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M 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
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 60% high
1.62×/yr
Annual markup
2.13×/yr upside case
5.2 yr
Elapsed time used
5.2 yr actual, capped for stale marks
fintech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
5.2 yr
On record since
2021
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) 0.5× of median
This company$2.3M
Sector median$4.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.1× above median
This company$2.3M
Sector median$2.0M
Modeled value — vs sector median (estimate, all stages) 1.2× above median
This company$55.4M
Sector median$45.1M

Raised more than 78% of sector peers (real $). Modeled value above 85% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #14 of 34.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Paymob · Seed Raised $3.5M · modeled $116.8M (est)Alude Holdings Ltd. · Seed Raised $3.3M · modeled $110.8M (est)Stitch · Seed Raised $4.0M · modeled $102.7M (est)Chari · Seed Raised $5.0M · modeled $95.3M (est)Diool · Seed Raised $3.5M · modeled $89.8M (est)Planet42 · Seed Raised $2.4M · modeled $84.5M (est)Fan Payment Solutions LP · Seed Raised $2.1M · modeled $74.0M (est)Indicina, Inc. · Seed Raised $4.5M · modeled $73.7M (est)Kwara · Seed Raised $4.0M · modeled $70.1M (est)Workpay · Seed Raised $2.1M · modeled $69.9M (est)Allied Payment Network Inc. · Seed Raised $9.1M · modeled $66.0M (est)NowPay · Seed Raised $2.1M · modeled $64.6M (est)Numida (this company) Raised $2.3M · modeled $55.4M (est)Numida
CompanyStageRaised · realValue · estvs peer med.
PaymobSeed$3.5M$116.8M2.39×
Alude Holdings Ltd.Seed$3.3M$110.8M2.27×
StitchSeed$4.0M$102.7M2.10×
ChariSeed$5.0M$95.3M1.95×
DioolSeed$3.5M$89.8M1.84×
Planet42Seed$2.4M$84.5M1.73×
Fan Payment Solutions LPSeed$2.1M$74.0M1.52×
Indicina, Inc.Seed$4.5M$73.7M1.51×
KwaraSeed$4.0M$70.1M1.44×
WorkpaySeed$2.1M$69.9M1.43×
Allied Payment Network Inc.Seed$9.1M$66.0M1.35×
NowPaySeed$2.1M$64.6M1.32×
Numida this companySeed$2.3M$55.4M1.14×
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.
Seed$2.3M2021-04-14$11.5M$55.4M45%
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. Seed$2.3M2021-04-14
    • First recorded raise — entered as Seed.
Intelligence
Modeled next raise
$3.7M
Modeled next size est.range $2.4M$5.9M
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

Numida 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
UG
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
Fintech Global Markets, Inc.FintechSeed$2.4M$82.8Msame sector · same stage
Quanta Credit Services, Inc.FintechSeed$2.4M$4.3Msame sector · same stage
PayHippo, Inc.FintechSeed$2.2M$24.6Msame sector · same stage
CinetPayFintechSeed$2.4M$42.1Msame sector · same stage
Planet42FintechSeed$2.4M$84.5Msame sector · same stage
Campfire, Inc.FintechSeed$2.5M$56.8Msame sector · same stage
Fan Payment Solutions LPFintechSeed$2.1M$74.0Msame sector · same stage
MEG Michigan Lending LLCFintechSeed$2.1M$36.5Msame 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
PayHippo, Inc.
Loans to Nigeria's SMEs in under 3 hours
FintechSeed$24.6M79%
Rank (formerly Moni)
Group Financing for small businesses across Africa.
Fintech78%
Fingo Africa
A neobank for Africa's 500 million youth
Fintech76%
Nomba
Banking and payments for businesses in Africa
FintechSeries B$340.2M75%
Touch and Pay Technologies Limited
Digitizing and processing Microtransactions in Africa
Fintech74%
Lendsnap
The Digital Mortgage Company.
Fintech74%
Numio, IncOther TechnologySeed$28.8M74%
Moneco
Neobank for African migrants in Europe
Fintech74%
Frequently asked
How much funding has Numida raised?
Numida has raised approximately $2.3M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Numida's estimated valuation?
Provath's modeled valuation for Numida is approximately $55.4M (modeled range $2.0M–$351.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Numida at?
Numida's latest modeled financing stage is Seed. Its most recent recorded round closed around Wed Apr 14.
What does Numida do and where is it based?
Numida operates in the Fintech sector, based in Kampala, Central Region, Uganda. Working capital for African micro businesses
Explore related

See where Numida sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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