Nomba has raised a $3 million debt facility through CardinalStone Finance Company Limited to expand its cross-border payments infrastructure out of the Democratic Republic of Congo (DRC), its base for settling trade between Central Africa and Asia.
Across its DRC operations and Canadian-licensed money service business, Nomba processes more than $480 million a month, according to a statement shared with Condia. The funding provides Nomba with greater USD liquidity needed to power its near-instant cross-border payment network, as it targets over $1 billion in monthly cross-border volume.
Yinka Adewale, CEO of Nomba, said, “African businesses are trading more with the rest of the world every year, but the infrastructure to support that trade is still catching up. This facility gives us more room to move—more liquidity, more corridors, faster settlement. 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.”
Ayoola Adeola, MD, CardinalStone Finance, said, “This transaction reflects our confidence in the growth opportunity presented by cross-border payments, and the role innovative financial infrastructure can play in connecting African businesses to global markets. We are pleased to have structured this $3 million debt facility to support Nomba’s expansion as it builds capacity across key Africa–Asia trade corridors.”
Cross-border trade is one of the fastest-growing parts of the African economy, but the infrastructure behind it hasn’t kept pace. Payments get stuck, currency access is unreliable, and settlement can take days.
Over the past 18 months, Nomba has built infrastructure to close that gap, combining banking rails, global payment access, and local market knowledge so businesses can move money across borders as easily as they move it at home.
Raising $3 million is only the start, as Nomba’s ambitions require funding of $20-$50 million in the coming months. The group is already profitable, including its DRC and Nigerian operations, giving it a strong base to go after this expansion.
Last updated: September 3, 2026
