-27%

est. 2Y upside i

FinTechPre-Seed

Nomba gives you the tools to get better at business. With Nomba, you can accept payments faster and easier with our reliable POS terminals or via QR and transfers. Create and track invoices efficiently, manage inventory and unlock all the needed tools to drive growth for your business.

Rank

#1284

Sector

Fintech

Est. Liquidity

~4Y

Data Quality

Data: Medium

Nomba is a profitable fintech with ~$69M revenue, operating in a large and growing African payments market.

Last updated: March 10, 2026

Bull (15%)+300%

Nomba's aggressive international expansion into Canada, UK, and DRC, coupled with strong adoption of its tailored vertical payment solutions, drives revenue to over $140M by 2028. This execution, alongside continued profitability, justifies a valuation of $600M, representing a 300% upside.

Base (45%)+127%

Nomba maintains its strong position in the Nigerian SME payment processing market and achieves moderate success in its initial cross-border expansions, reaching ~$113M in revenue by 2028. This steady growth and continued profitability lead to a valuation of $340M, offering a 127% upside.

Bear (40%)-70%

Aggressive competition from dominant incumbents like Flutterwave and OPay, coupled with higher-than-expected costs and slower adoption in new international markets, limits revenue growth to ~$84M by 2028. A market correction in fintech valuations and competitive pressures lead to a down round at $45M, wiping out most common stock value after accounting for $58M in liquidation preferences.

Est. time to liquidity~3.5 years

Preference Stack Risk

severe

Funding Intensity

39%

Investors hold $58M in liquidation preferences ahead of common stock. In an exit at or below the current $150M valuation, employees with common stock may receive little to nothing until investors recoup their $58M.

Dilution Risk

moderate

As a Series B stage company, further equity rounds are likely for continued aggressive expansion, leading to additional dilution for existing shareholders.

Secondary Liquidity

limited

EquityZen provides a platform for accredited investors to buy shares from existing Nomba shareholders, offering some liquidity.

Questions to Ask at the Interview

Strategic questions based on Nomba's data — designed to show you've done your homework.

  • 1

    “How does Nomba plan to differentiate its tailored vertical solutions to withstand the broad offerings and deep pockets of competitors like Flutterwave and OPay in the long term?”

  • 2

    “With $1 billion in monthly transactions and a focus on cross-border B2B payments, what are the key metrics the company tracks to ensure profitable growth and efficient scaling of its new international payment rails?”

  • 3

    “Given the significant capital raised and the competitive landscape, what is the company's realistic timeline and strategy for a liquidity event, and how does it plan to ensure meaningful returns for common stock holders?”

Community

Valuation Sentiment

Our model estimates -27% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.