The facility will provide additional U.S. dollar liquidity through Nomba’s banking relationships in Hong Kong and Singapore.

The company plans to use that liquidity to support more transactions across currencies, improve settlement capacity, and deepen payment corridors serving businesses in the Democratic Republic of the Congo (DRC).

Nomba is positioning its DRC operation as a settlement hub for trade between Central Africa and Asian markets.

Its products allow businesses to collect payments online or through point-of-sale terminals, accept card and mobile money payments, and pay suppliers in Asia, according to the company.

“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.”

The DRC is a commercially significant market for this strategy because of its deep trade links with China.

Trade between the two countries reached $26.7 billion in 2025, according to China Africa Project data, with the DRC exporting about $21.6 billion in goods to China and importing roughly $5.1 billion.

Much of the DRC’s exports to China are minerals, reinforcing the need for dependable payment and settlement systems that can support importers, suppliers, distributors, and other businesses operating around major trade flows.

Nomba entered the DRC in 2025 after initially building a remittance business supported by physical agents handling inflows from corridors including China and Dubai.

The company has since broadened its focus to business payments, combining local operations with banking relationships to address foreign-currency access and settlement delays that often complicate cross-border trade.

The financing also builds on Nomba’s evolution from a Nigerian payments and agency-banking provider into a broader business-banking platform.

In 2023, the company raised $30 million in a pre-Series B equity round led by Base10 Partners, with participation from Helios Digital Ventures, Shopify, Partech, and Khosla Ventures.

“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,” said Ayoola Adeola, managing director of CardinalStone Finance.