Nomba Secures $3 Million Debt Facility to Scale Africa-Asia Cross-Border Payments – Innovation Village

Nigerian fintech company Nomba has secured a $3 million debt facility from CardinalStone Finance Company Limited as it looks to expand its cross-border payments infrastructure from the Democratic Republic of Congo (DRC) and strengthen payment links between Africa and Asia.

The financing will provide Nomba with additional US dollar liquidity to support international settlements and expand the capacity of its cross-border payment network. The company currently processes more than $480 million in cross-border transactions every month across its DRC operations and its Canadian-licensed money service business.

Nomba is now targeting more than $1 billion in monthly cross-border payment volumes, as demand grows among African businesses for faster and more reliable ways to pay suppliers and receive funds from international trading partners.

DRC becomes a strategic base for Nomba

The DRC is emerging as an important part of Nomba’s international payments strategy, particularly because of the country’s significant trade relationships with Asian markets.

Nomba plans to use its DRC operations as a base for settling trade between Central Africa and Asia, supported by banking relationships in major financial centres including Hong Kong and Singapore. The fintech also intends to expand its cross-border operations into Zambia and Uganda.

The strategy reflects increasing trade flows between African economies and Asia. Trade between China and the DRC reached approximately $26.7 billion in 2025, with China importing about $21.6 billion worth of goods, driven largely by copper and cobalt, while exports to the DRC totalled about $5.1 billion.

The DRC exported approximately $29.6 billion worth of goods in 2024, including around $19.5 billion in refined copper and $3.05 billion in cobalt. China…