“Can Nomba become the cross-border financial OS for African SMBs by owning both collections (into Africa) and payouts (across Africa)?”
Founded 2016 as Kudi, a chatbot answering financial requests on social media, Nomba rebranded in 2022 to focus on POS terminals and merchant banking for Nigerian SMBs. The company has since evolved into a multi-product business banking platform, layering checkout, multi-currency accounts, treasury yield, cross-border collections (via Volume open banking in the UK), global payouts, and a bank-partnered lending program with Globus Bank. The strategic question now is whether Nomba can become the financial OS for African businesses, owning both collections and payouts across corridors.
Nomba discloses Nomba (in-house) as its banking provider, with Globus Bank as its sponsor bank, according to the Embedded Finance Index 2026.
Nomba does not disclose a bank charter of its own; its banking services are provided through Globus Bank.
Nomba processes payments through Nomba Checkout (self-operated), Nomba Smart POS (self-operated) and Nomba Charge API (self-operated). Disclosed money-movement rails: Wire.
Nomba's lending and capital products are provided by Globus Bank (sponsor lender).
Nomba connects to bank accounts through Volume.
Nomba uses Nomba Global Payout (self-operated) for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 7 layers in Nomba's stack: Payments / PSP (Nomba Checkout (self-operated), Nomba Smart POS (self-operated) and Nomba Charge API (self-operated)); Money movement (Wire); Banking / BaaS (Nomba (in-house)); Lending (Globus Bank (sponsor lender), Nomba SME loans (with Globus Bank) and Overdrafts); Open banking (Volume); Sponsor bank (Globus Bank); FX & payouts (Nomba Global Payout (self-operated)).
Nomba was founded by Adeyinka Adewale and Pelumi Aboluwarin and is founded in 2016, headquartered in Lagos, Nigeria.
Nomba has raised $35M+ in total (latest round: Pre-Series B, 2023; valuation: $150M+ (2023)).
Get a read on where your own stack stands against Nomba and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.