Monday
April 19
2021

Ugandan Fintech Numida Secures $2.3 Million

Uganda-based fintech startup Numida has secured $2.3-million in a seed funding round led by MFS Africa with participation from DRK Foundation, Equilibria Capital, and Segal Family Foundation alongside angel investors.

Uganda-based fintech startup Numida has secured $2.3-million in a seed funding round led by MFS Africa with participation from DRK Foundation, Equilibria Capital, and Segal Family Foundation alongside angel investors.

The fintech plans to utilise the funding to expand in Uganda, to pilot its product offering in a new market, and launch new products. Numida will tap into MFS Africa’s pan-African experience and utilise its infrastructure to launch new digital financial products for SMMEs.

Patrick Gutmann, a Managing Director of MFS Africa comments on the investment made into the innovative fintech.

Photo courtesy of TheDigitalArtist

Source: VentureBurn (link opens in a new window)

Categories
Finance
Tags
digital finance, financial inclusion, fintech, funding, impact investing, technology