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EGYPT
Mina
Shahid
Numida
Co-founder & CEO
ABH 2024 Top 10
Mina
Shahid
Numida
Co-founder & CEO
ABH 2024 Top 10
Financial services for Africa’s small businesses
Numida’s mission is to build digital financial services that enable 1 million African small business owners to achieve their dreams by 2030. Instead of borrowing from informal lenders, business owners download the Numida app, fill in a straightforward loan application, and receive capital within a day. Numida 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.
HQ Location
Kampala, Uganda
Year Founded
2016
Loans Disbursed
550,000
Unsecured Capital
$100 million
Approval Speed
0-24 hours