YCW22· OtherNumida
Working capital for African micro businesses
Founders
Not read from YC yet; the weekly run fills these in.
Same space
Competitors
Closest in what they build, same category.
Adjacent
Overlapping tags, a different niche.
AellaW17Diversified credit infrastructure powering payments across Africa.Shared: fintech, microinsuranceActive
BimaplanW21Affordable insurance for the next billion IndiansShared: fintech, microinsuranceActive
ZippiS19Payment Platform for LatAm Micro and Small BusinessesShared: fintechActive
BelozFiW22Financial health focused micro-lender in MexicoShared: fintechActive
KashinS22Credit for the emerging economy in LatamShared: fintechActive
Also from W22
Batchmates in Winter 2022.
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Compra RápidaW22One-click checkout and AI sales assistant for LatAm.Active
FinkuW22AI powered personal finance app for IndonesiaActive
FinteliteW22Intelligent Process Automation for Lending.Active
FlagrightW22AI-native AML compliance platform for fintechs & banksActive
About Numida
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.
Kampala, Central Region, Uganda
Numida: questions
Which YC batch was Numida in?
Numida was in Y Combinator's Winter 2022 batch (W22).
Is Numida still active?
Y Combinator lists Numida as active.
Where is Numida based?
Numida lists Kampala, Central Region, Uganda as its location on YC's directory.
Not affiliated with Y Combinator. From YC's public directory. Logos via logo.dev; trademarks belong to their owners.