Nigerian payments startup Nomba has raised a US$30 million pre-Series B funding round to support the delivery of bespoke payment solutions for African businesses. The company supports more than 300,000 businesses with a wide range of payment solutions, as well as management and banking tools that enable better business processes and support business owners to be better at doing business. The oversubscribed equity funding round was led by San Francisco-based Base10 Partners, with participation from Helios Digital Ventures, Shopify, Partech and Khosla Ventures. For example, restaurants will be able to access menus, manage inventory, receive payments and perform other business functions all from the same hardware. For transport and logistics companies, Nomba’ solutions will enable them to directly connect their transactions to payments, creating a more seamless experience that increases sales and profitability.

Source: The North Africa Journal May 03, 2023 06:02 UTC