MFS Africa leads $2.3M seed round in Ugandan fintech startup Numida

21 Apr, 2021

MFS Africa leads $2.3M seed round in Ugandan fintech startup Numida
Photo by Anelale Nájera on Unsplash

– Ugandan fintech startup Numida is announcing the close of its $2.3m seed round.
– The round was led by Africa-based VC firm Savannah Fund, and joined by other investors including 500 Startups, and angel investors including Y Combinator’s Adora Cheung, and others.
– Numida is tackling the challenge of financial inclusion in East Africa.
– The company offers a digital platform that enables semi-formal micro and small businesses to access credit.

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