African Fintech Nomba Secures $3 Million Debt Facility via CardinalStone to Scale Africa-Asia Payment Infrastructure

KINSHASA / LAGOS — African financial technology company Nomba has secured a $3 million debt facility through CardinalStone Finance to scale its cross-border payments infrastructure out of the Democratic Republic of Congo (DRC).

Operating primarily from its strategic hub in the DRC, Nomba is leveraging the funding to boost its U.S. dollar liquidity via banking relationships in Hong Kong and Singapore. This positions its Central African operations as a primary settlement base for trade moving between Africa and key Asian markets, tackling historical friction points like currency access and sluggish settlement times.

The fresh debt financing comes as Nomba scales its cross-border operations beyond its initial footprint. Across its DRC infrastructure and Canadian-licensed money service business, the company currently processes over $480 million in monthly cross-border payments, with sights set on pushing past $1 billion in monthly volume.

“African businesses are trading more with the rest of the world every year, but the infrastructure to support that trade is still catching up,” noted Yinka Adewale, Chief Executive Officer of Nomba. “This facility gives us more room to move, more liquidity, more corridors, faster settlement.”

The DRC serves as a vital gateway for trade with Asian markets—particularly China, which handles billions in mineral exports and manufactured goods imports across Central Africa. By securing dependable U.S. dollar liquidity and optimizing payout channels through international financial hubs, Nomba is tackling the currency bottlenecks that traditionally slow down regional importers and exporters.

Following this facility, the profitable fintech group plans to expand its footprint further into East and Central Africa, including upcoming entries into Zambia and Uganda, as it prepares for a larger institutional fundraising round.