During a pre-Series B funding round led by venture capital fund Base10 Partners, with participation from Helios Digital Ventures, Shopify, Partech and Khosla Ventures, Nigerian fintech Nomba announced on May 2 that it had raised 30 million USD.

Nomba's vision is to use new funding to provide payment solutions designed for specific services provided by businesses, to enable them to operate more efficiently and provide an excellent customer experience. According to the company, this new capital will allow it to offer more solutions to businesses in Nigeria, across Africa, and other markets as opportunities arise. According to Yinka Adewale, CEO and co-founder of Nomba, there is a long list of products the company is working on. “The funds we have raised and the investors who have supported us give us a lot of confidence in what can be achieved with more efficient payment solutions,” he announced.