Nomba, a Nigerian fintech that enables businesses to collect payments and access banking services, has raised a $3 million debt facility through CardinalStone Finance Company Limited, the financing arm of CardinalStone Group, to expand its cross-border payments infrastructure from the Democratic Republic of Congo (DRC) across Central Africa and Asia.
The facility will give Nomba’s DRC operation more USD liquidity to deploy through its banking relationships in Hong Kong and Singapore, allowing businesses in the DRC and surrounding markets to pay suppliers in Asia and settle cross-border transactions faster.
Nomba’s DRC raise comes as trade between the country and Asia, particularly China, continues to grow. In 2025, trade between China and the DRC reached $26.7 billion, with China importing $21.6 billion from the DRC and exporting $5.1 billion worth of goods to the country. That trade volume presents an opportunity for Nomba, as demand for reliable payment infrastructure surges.
“This facility gives us more room to move — more liquidity, more corridors, faster settlement,” said Yinka Adewale, Nomba’s chief executive officer. “It’s also a strong signal of confidence in what we’re building for the next generation of African businesses. We plan to keep scaling our cross-border infrastructure this year, expanding into new African markets and deepening the payment links between Africa and its trading partners in Asia.”
