Nigerian fintech startup Kudi has changed its name to Nomba as it transitions into an omni-channel payment platform providing tools to enable businesses to grow.
Founded by Yinka Adewale and Pelumi Aboluwarin in 2017, Kudi enables underbanked and unbanked Nigerians to access basic financial services such as money transfers, bill payments and cash withdrawals through its agent network.
The company – now called Nomba – has expanded its range of services to provide easy-to-use business tools for all kinds of businesses to accept, process and manage payments online and offline. These tools will offer more businesses of all sizes across Africa a distinct gateway into the digital economy, while enabling them optimise their operations.
Over the next six months, Nomba plans to extend the penetration of its POS terminals across the country, giving more businesses access to technology that delivers real-time oversight of all business transactions whether they are a one-man business or a corporate, all on one dashboard. It also plans to expand its product offerings into invoicing, payroll management and other tools that boost the productivity of businesses.
To drive this expansion, the startup has appointed two key new executives – Jeffrey Williams as vice president of business, and Toluwani Ijogun as vice president of brand, marketing and communications.
“Since our launch in 2017, our technology and insights have enabled merchants to earn and build successful businesses, transforming their own lives and that of others. Today, complimentary regulatory frameworks and well-thought-out partnerships with financial institutions have synergised to create an enabling environment for fintechs to chart the future of payments, making access to digital payment solutions ubiquitous,” said Adewale.
“Over the next five years, we will be leveraging these factors, as well as the experience and expertise Jeff and Tolu bring to deepen the penetration of digital payment solutions across the country, making payments easier for everyone.”