MICROCAPITAL BRIEF: Numida of Uganda Raises $2.3m in Equity to Scale Digital Lending in Partnership with MFS Africa

Numida, a financial technology (fintech) firm in Uganda, recently raised USD 2.3 million in seed funding from a group of investors led by South Africa’s Mobile Financial Solutions (MFS) Africa, whose infrastructure Numida plans to use to expand outside of Uganda and launch unspecified additional digital financial products. The other investors were the US-based