Banking Made Easy with Zomana Kudi in Nigeria

Nomba⁚ The Evolution of Kudi in Nigeria

Nomba, formerly known as Kudi, is a digital bank in Nigeria for merchants and business owners. It offers services including loans, POS, and payments. The company was launched in 2017 as a chatbot designed to make payments easier. However, in 2018 it evolved into a company whose distinct point of sale (POS) technology, partnerships with banks and other licensed financial institutions democratized access to banking products and services for merchants across Nigeria.

In April 2022, Kudi rebranded as Nomba, transitioning from a single payment platform to an omnichannel payment platform. The company stated that it currently processes over 16 million in payments daily across more than 500,000 transactions, with a rate of over 10,000 new businesses monthly.

Nomba's services are designed to make financial services more accessible and affordable for businesses in Nigeria. The company's goal is to enable businesses to grow and thrive in the Nigerian economy.

From Chatbot to Omni-Channel Payment Platform

Nomba's journey began in 2016 with Kudi.ai, a chatbot integration that responded to financial requests on social apps. This initial focus on simplifying access to financial services through conversational interfaces quickly evolved. In 2018, Kudi transitioned into a company offering distinct POS technology, partnering with banks and licensed financial institutions to democratize banking for merchants across Nigeria; This shift marked a significant expansion, moving beyond a single channel to embrace a broader approach. The rebranding to Nomba in 2022 solidified this evolution, signifying a commitment to becoming an omni-channel payment platform providing tools for businesses to accept, process, and manage payments online and offline.

Nomba's Services and Features

Nomba provides a range of services and features designed to empower businesses in Nigeria. Their core offering includes a POS terminal for accepting card payments, facilitating easy transactions at physical locations. Beyond this, Nomba offers business tools within their app, such as spreadsheets for inventory management and loan/interest calculation tools. They also enable businesses to earn extra income by facilitating bill payments and cash withdrawals for community members via their POS. Nomba extends its services to individuals with a personal payment portal and savings features within their app. Their focus on financial inclusion is evident in their offerings, providing access to low-interest loans and a platform for savings with interest earnings.

Tags: Nigeria, Niger,

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