Nigerian payments company Nomba has expanded its cross-border payments corridor from the Democratic Republic of the Congo (DRC) into Zambia, enabling businesses on its platform to pay suppliers in the neighbouring country through bank accounts and mobile wallets.
The service allows businesses operating in the DRC to settle payments to Zambian suppliers in US dollars or Congolese francs. Transactions are facilitated through licensed local partners, with the company targeting businesses in agriculture, retail and wholesale trade that depend on reliable cross-border payments.
The expansion follows a $3 million debt facility secured by Nomba from CardinalStone Finance in early September 2026. The funding is intended to support the company’s expansion and strengthen its payments infrastructure. Nomba Chief Executive Officer Yinka Adewale said the facility “gives us more room to move, more liquidity, more corridors, faster settlement.”
Nomba reports that it processes more than $480 million monthly across its DRC operations and a Canadian-licensed money services business. The company also says it is profitable and aims to exceed $1 billion in monthly cross-border payment volume.
Founded in 2016, Nomba has developed from a payments business into a business banking and financial infrastructure platform. It reports processing more than $70 billion in annualised payments as it works to address the challenges businesses face when transferring money across African markets.
Zambia is part of Nomba’s wider strategy to expand its intra-African payments network, with Uganda also identified as an initial target market. The company plans to introduce additional services, including deposits, foreign exchange and credit, as it broadens its offering to businesses.
Further growth will depend partly on access to capital. Nomba has indicated that its expansion plans could require between $20 million and $50 million in the coming months, with another funding round expected to support its ambitions. Its ability to secure financing and generate sufficient transaction volumes in new markets will be important to the long-term growth of its cross-border payments business.
