Nomba, which was previously known as Kudi, will the investment to produce a payments solution that enables it to plug gaps in its payment processes. fundinground innovation
The Nigerian payments startup, Nomba, is reported to have raised $30 million via a pre-Series B that was led by Base10 Partners. The new solution is expected to help the startup operate more efficiently and deliver “excellent customer experiences.”Nomba, a Nigerian payments startup, has raised a US$30 million pre-Series B funding round. According to a Disrupt Africa, the startup’s oversubscribed equity round was led by San Francisco-based Base10 Partners.
Commenting on the startup’s successful capital raise, Yinka Adewale, who co-founded the payments firm in 2017, said: For her part, Luci Fonseca, a partner at Base10, said Nomba’s record of innovation and capital efficiency is what convinced her organization to support the payments company.
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California Reparations Panel OKs State Apology, PaymentsCalifornia’s historic reparations task force has voted to approve recommendations for possible payments to Black residents and a formal apology for the state’s role in perpetuating discriminatory policies. The nine-member committee took a series of votes Saturday on its final report to lawmakers, which is officially due July 1. The Legislature will then determine how, if at all, to act on the suggestions. The first vote approved a detailed account of historical discrimination against Black Californians in areas such as voting, housing, education, the legal system and others. Other recommendations included suggestions for crafting an apology for the legacy of slavery and economic reports on possible reparations payments.
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