Diligence memo · auto-generated · as of July 3, 2026

Numida

Numida looks fair against its niche peers and is dormant on financing cadence.

DeprioritizeFinancing has gone silent well past the sector's normal cadence — treat as inactive until outside confirmation of a live operation.

Businessfiled

Numida operates in Fintech, based in Kampala, Central Region, Uganda. Working capital for African micro businesses

Sub-sector tags: Fintech, Microinsurance.

Capital & rounds (filed)filed

Numida has raised $2.3M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).

Largest single filing: $2.3M on 2021-04-14.

Most recent recorded round closed around 2021-04-14.

Valuation (modeled)modeled

Provath models Numida at approximately $55M (range $2.0M–$352M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.

Read: 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.

Financing rhythm & timingmixed

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.

Comparablesmixed

Capital scale ranks ahead of 78% of Fintech peers (1063 compared).

Modeled value ranks above 85% of those peers.

Closest niche peers: Paymob, Alude Holdings Ltd., Stitch, Chari, Diool.

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.