Nomba
Nomba is a Nigerian payment service provider operating POS terminals, a Mastercard-integrated Checkout gateway, and a cross-border Global Payout API, serving 300,000+ African SMB merchants and fintechs across Nigeria, the UK, Canada, and the DRC.
- Company typePrivate
- Founded2017
- HeadquartersLagos, Nigeria
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What Nomba does
Nomba is a Nigerian payment service provider that builds full-stack payment infrastructure for African businesses and, increasingly, for fintechs operating cross-border payment corridors. The platform combines proprietary POS hardware (Nomba MAX) deployed across more than 300,000 Nigerian merchants, a digital payment gateway (Nomba Checkout) integrated with Mastercard Gateway, and a developer-facing Global Payout API that automates cross-border disbursements to the UK, EU, Canada, and the Democratic Republic of the Congo with embedded FX sourcing, liquidity management, and regulatory compliance — including stablecoin rails (USDT, USDC) to bypass naira exposure. Founded in 2016 as Kudi and rebranded to Nomba in May 2023, the company holds Payment Service Provider licensing in Nigeria and acquired a licensed Canadian PSP and money services business in Q2 2025 to enable direct CAD flows into African markets.
Nomba firmographics
Firmographics- Name
- Nomba
- Legal name
- Nomba
- Website
- https://nomba.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Nomba is a Nigerian payment service provider operating POS terminals, a Mastercard-integrated Checkout gateway, and a cross-border Global Payout API, serving 300,000+ African SMB merchants and fintechs across Nigeria, the UK, Canada, and the DRC.
- Ownership category
- akta.pro rank
Nomba industry classification
Industry- Product category
- Payment Infrastructure
- NAICS
- Credit Card Issuing (52221), Sales Financing (52222)
- akta.pro primary industry
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)
- akta.pro secondary industry
- Marketplace / Platform Acquiring (PayFac & Sub-Merchant Management) (FSAMABAF)
Keywords
Where Nomba is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Offices4 records
Markets served
Nomba business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales
Revenue model
- Transaction Processing Fees: Nomba earns fees on each payment transaction processed through its POS terminals, Checkout platform, and API infrastructure. Transaction fees apply across domestic Nigerian payments, cross-border disbursements, and international receipt channels.
- Nomba MAX Hardware Sales: Nomba sells its proprietary Nomba MAX payment hardware terminal to businesses in sectors such as restaurants, logistics, and transport, generating one-time hardware revenue.
- API/Developer Platform Fees: Nomba monetizes its Global Payout API and developer ecosystem by providing cross-border payment infrastructure to fintechs and payment operators, earning fees per API transaction or through commercial partnerships within the Developer Partner Program.
- Remittance and Cross-Border Services: Nomba generates revenue from cross-border payment flows including remittance services in the DRC and international disbursements to UK, EU, Canada, and DRC markets, leveraging its licensed infrastructure in Canada and partnerships for FX-efficient routing.
Go-to-market motion5 records
Distribution channels5 records
Marketing channels3 records
Nomba product offering
Product offeringCore offering
Nomba provides payment infrastructure for African businesses through three integrated product lines: Nomba MAX (POS hardware terminals), Nomba Checkout (digital payment gateway), and the Global Payout API (cross-border payment infrastructure). The platform enables merchants and fintech operators to accept in-person card payments, process online transactions, and disburse funds across borders.
Product overview
Nomba is a Nigerian payment service provider and business infrastructure company offering a comprehensive suite of payment solutions for African businesses. The product portfolio centers on Nomba Checkout for digital payment processing, the Global Payout API for cross-border transactions, and Nomba MAX hardware terminals. The company supports over 300,000 merchants with integrated payment and management tools, serving various business segments including restaurants, logistics, transport, and SMEs across Nigeria, DRC, and expanding internationally.
Differentiator
Problem solved
Functional benefit
Brands
- Nomba MAX: Hardware device developed to facilitate operations for restaurants, logistics, and transport companies.
Products and services
- Nomba Checkout
Quantifiable outcome
- Transaction fees reduced from over 6% to approximately 1% for UK-Nigeria cross-border payments via Open Banking
- +3 more outcomes
Companies that use Nomba
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles3 records
Nomba technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature6 records
Nomba partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- DevCareerminorDevCareer is Africa's developer talent community with over 42,000 members. Nomba partnered with DevCareer to launch a 5-week virtual payments hackathon (June 8 – July 18, 2026) inviting Nigerian developer teams to build production-grade payment products on Nomba's API stack, with $6,500 in total prizes and a direct pathway into the Nomba Developer Partner Program.
- VolumecoreVolume is a UK-based fintech providing Open Banking infrastructure. Through this partnership, Nomba launched a UK payment channel allowing Nigerian businesses to receive direct GBP bank payments from UK customers via Faster Payments, reducing cross-border fees from over 6% to approximately 1%. This is part of Nomba's broader international expansion strategy.
- MastercardcoreMastercard and Nomba entered a strategic collaboration to integrate Mastercard Gateway into Nomba's Checkout platform, enabling Nigerian businesses to process digital payments locally and internationally with greater efficiency and security. The partnership supports financial inclusion in underserved markets and aligns with Mastercard's mission to bring one billion people into the digital economy.
- Canadian Licensed Payment Firm (acquired)coreNomba acquired a licensed Canadian payment service provider and money services business in Q2 2025, granting regulatory coverage in Canada for direct CAD flows into African markets without intermediary banking layers. The company plans to invest up to $2 million to upgrade infrastructure and scale operations, targeting B2B trade payments for African enterprises.
Scale indicators6 records
Recent moves7 records
Expansion highlights8 records
Nomba competitors and assessment
Company assessmentDirect peers
- Flutterwave: Pan-African payment processor and gateway serving Nigerian and broader African merchants with card processing, payouts, and APIs. Direct overlap with Nomba Checkout, Global Payout API, and SMB merchant segment.
- Paystack: Nigerian payment gateway (acquired by Stripe) providing card processing and APIs to African businesses. Competes head-on with Nomba Checkout for Nigerian merchant acquiring and developer integrations.
- Monnify: Nigerian payment gateway focused on collecting payments and disbursing payouts to businesses via APIs. Closely comparable to Nomba Checkout and Global Payout API in target market and developer-first positioning.
- Chipper Cash: African cross-border payments platform enabling consumer remittances and B2B transfers across African corridors. Direct overlap with Nomba's Global Payout API and DRC remittance focus.
- Paga: Nigerian mobile payment platform serving consumers and merchants with payments, transfers, and agent banking. Comparable to Nomba in Nigerian SMB/cashless adoption focus.
Broad incumbents
- Interswitch: Largest established Nigerian payments incumbent spanning card processing, switching, and merchant acquiring. Provides broader product portfolio than Nomba but overlaps directly in POS and gateway services.
- Block (Square): Global POS hardware and payment processing company. Square's hardware-plus-software model parallels Nomba MAX + Checkout, though Block targets developed markets while Nomba targets African SMBs.
- Stripe: Global payment infrastructure company that owns Paystack. Overlaps indirectly through developer-first APIs and global card processing, raising the competitive bar for Nomba's Global Payout API in cross-border flows.
- Wise: Global cross-border payments specialist offering low-cost FX and multi-currency transfers. Comparable to Nomba's Global Payout API in corridor economics, though Wise serves consumer/enterprise flows globally.
Regional players
- Remitly: Digital remittance company with strong Africa-bound corridors. Overlaps with Nomba's DRC remittance entry and diaspora-focused cross-border offerings, though Remitly is consumer-first and US-headquartered.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Nomba social profiles
Digital presenceNomba financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nomba leadership team
Management profileNumber of profiles
Profiles2 records
Nomba subsidiaries and ownership
Company hierarchySubsidiaries1 record
Nomba funding detail
Funding detailFunding overview
Funding rounds5 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nomba M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nomba
What does Nomba do?
Nomba provides payment infrastructure for African businesses through three integrated product lines: Nomba MAX (POS hardware terminals), Nomba Checkout (digital payment gateway), and the Global Payout API (cross-border payment infrastructure). The platform enables merchants and fintech operators to accept in-person card payments, process online transactions, and disburse funds across borders.
Is Nomba a public or private company?
Nomba is a private company. It is classified as venture growth investor backed and is currently operating.
When was Nomba founded?
Nomba was founded in 2017. It employs 251 to 500 people.
Where is Nomba based?
Nomba is headquartered in Lagos, Nigeria, in the Africa region.
How does Nomba make money?
Four revenue lines are on record. Transaction Processing Fees are the primary driver. The others are nomba MAX Hardware Sales, API/Developer Platform Fees and remittance and Cross-Border Services.
Who are Nomba's main competitors?
Direct peers on record are Flutterwave, Paystack, Monnify, Chipper Cash and Paga. Broad incumbents are Interswitch, Block (Square), Stripe and Wise. Remitly is listed as a regional player.
Does Nomba have an API?
Yes. Nomba offers a Global Payout API that enables cross-border transactions for fintechs and payment operators. The API automates international disbursements to multiple destinations (UK, EU, Canada, DRC), consolidating foreign exchange sourcing, liquidity management, and regulatory compliance into a single workflow. It supports stablecoin options (USDT, USDC) and enables efficient, compliant transactions across international markets. Developer documentation is at Not specified.
What industry is Nomba in?
Nomba's product category is Payment Infrastructure. Its primary akta.pro industry code is FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure, with a secondary code of FSAMABAF, Marketplace / Platform Acquiring (PayFac & Sub-Merchant Management). Its NAICS code is 52221.