Numida
YC W22Kampala, UG · Founded 2016 · 115 employees · 9 known investors
Find your way into Numida
456 people in our graph share verified history with the Numida team — schools, employers, funds. One of them is your warm intro.
Andrew Miklasunlockedknows Mina Shahid · together at University of Toronto (overlapped)
×3knows the team · via University of Toronto
×6knows the team · via The World Bank
knows the team · via Engineers Without Borders Canada
knows the team · via Acumen
Numida provides digital financial services including credit, savings, insurance, and payments to micro and small businesses in Africa. The company uses data-driven insights to build financial products tailored for growth.
Founders & leadership· Y Combinator alumni (W22)
Numida was founded in 2016 by Mina Shahid and Catherine Denis.
MS
Mina Shahidin𝕏Co-Founder, CEOHe previously co-founded a lending company in Ghana and has worked across multiple African countries including Uganda, Ghana, and Zambia, as well as Colombia.
CD
Catherine DenisinCo-Founder & COO2015–2024She has worked across Uganda, Rwanda, Burkina Faso, Mali, Haiti, and Colombia building teams and organizational processes, and holds an MPA in International Development from the Harvard Kennedy School and an undergraduate degree in Systems Design Engineering from the University of Waterloo.
Investors · 9
4Di CapitalCape Town · $100K – $1M
E4E AfricaCape Town
Serena VenturesNew York · $100K – $500K
Y CombinatorSan Francisco · $500K
BreegareportedLondon · $540K – $16.2M
LendablereportedLondon
Soma CapitalreportedSacramento · $100K – $300K
Also in the syndicate · 2
Launch AfricaMFS Africa
Funding
SEC filings, press & company announcements$12.3M disclosed across 1 of 4 rounds · 2021–2022
- Undisclosed amountpre-Series AOct 2022
Serena Ventures (lead), 4Di Capital, Breega, Launch Africa, Lendable, MFS Africa, Soma Capital, Y Combinator
Source ↗ - $12.3MraisedSep 2022 · 2 sources
Serena Ventures (lead)
Source ↗ - Undisclosed amountpre-Series ASep 2022Source ↗
- Undisclosed amountSeed FundingApr 2021Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
In the news
Frequently asked questions
- What does Numida do?
- Numida provides digital financial services including credit, savings, insurance, and payments to micro and small businesses in Africa. The company uses data-driven insights to build financial products tailored for growth.
- Who founded Numida?
- Numida was founded by Mina Shahid, Catherine Denis in 2016.
- Who are Numida's investors?
- Numida's investors include 4Di Capital, E4E Africa, Serena Ventures, Y Combinator, Breega, Lendable, Soma Capital.
- How much funding has Numida raised?
- Numida has disclosed $12.3M raised across 1 of its 4 known rounds.
- Where is Numida headquartered?
- Numida is headquartered in Kampala, UG.