Numida, Ugandan FinTech Startup Secures $12.3 Million in pre-Series A Round
Small and medium-sized businesses (SMEs) are very important in Africa. An estimated 80% of jobs on the continent are held by the 44 million SMEs. Despite being crucial to the African economy, many businesses only have a limited amount of access to funding. Due to a lack of collateralization, traditional credit facilities like banks frequently…