Nomba Extends DRC Payments Corridor Into Zambia After $3 Million Debt Deal
The expansion allows businesses in the DRC to pay Zambian suppliers in US dollars or Congolese francs, using licensed local partners to facilitate transactions. Nomba is targeting businesses involved in agriculture, retail and wholesale trade along the corridor.
Nigerian payments company Nomba has expanded its cross-border payments corridor from the Democratic Republic of the Congo (DRC) into Zambia, enabling businesses operating on its platform to pay suppliers in the neighbouring market through bank accounts and mobile wallets.
The expansion allows businesses in the DRC to pay Zambian suppliers in US dollars or Congolese francs, using licensed local partners to facilitate transactions. Nomba is targeting businesses involved in agriculture, retail and wholesale trade along the corridor.
The move follows a $3 million debt facility secured by Nomba from CardinalStone Finance in early September 2026 to support its expansion and strengthen its payments infrastructure.
Nomba CEO Yinka Adewale said the funding “gives us more room to move—more liquidity, more corridors, faster settlement.”
The company says it processes more than $480 million monthly across its DRC operations and a Canadian-licensed money services business. It also reports that it is profitable and has set a target of exceeding $1 billion in monthly cross-border payment volume.
Founded in 2016, Nomba has evolved from a payments business into a business banking and financial infrastructure platform. The company says it processes more than $70 billion in annualised payments as it seeks to address challenges associated with moving money across African markets.
The expansion into Zambia forms part of Nomba’s broader plan to grow its intra-African payments network, with Uganda also identified as an initial target market. The company has outlined plans to introduce additional services, including deposits, foreign exchange and credit.
However, further expansion will require additional capital. Nomba has indicated that its plans could require between $20 million and $50 million in the coming months, with another funding round expected to support its growth ambitions.
The company’s ability to secure further financing and generate sufficient transaction volumes in new markets will be important to the expansion of its cross-border payments business.
