Yinka Adewale

Yinka Adewale

Y Combinator Logo Batch: W17

Achievements

  • Yinka Adewale co-founded Nomba (formerly Kudi) in 2016 and scaled it to process over $1 billion in monthly transactions
  • Raised $5 million in Series A led by Partech in 2019
  • Secured $30 million pre-Series B round in 2023 with investors like Shopify, Helios, Khosla
  • Nomba now serves over 200, 000 businesses across Africa, mainly in Nigeria and DRC
  • Y Combinator W17 alum, one of Africa's rising fintech entrepreneurs
  • Also co-founded Sanwo Touch2Pay and Clinicfy, advancing payment and health tech solutions

Living for Yinka Adewale

This story’s wild, let me tell you about Yinka Adewale. This guy’s the real deal in African fintech. He’s a Nigerian entrepreneur who jumped into the startup scene back in 2016, and man, he crushed it. He’s a YC W17 alum, so he’s legit and connected.

Yinka’s process is all about making money moves to change how Africans do business. He went to Obafemi Awolowo University (shoutout to the OGs), but instead of sticking to the usual, he jumped into tech. His first big move was co-founding Sanwo Touch2Pay, a payment platform for Nigerian students, smart move, getting a niche and solving a real pain.

Then, he co-founded Clinicfy, which is all about healthcare tech, cloud-based software for hospitals. Basically, he’s been about making complex stuff simple for people who need it. But the real big change? Nomba, formerly Kudi. Started in 2016 with Pelumi Aboluwarin, just a chatbot to help folks pay bills easier. But Yinka saw more. He scaled that thing into a fintech powerhouse processing over a billion dollars a month across Nigeria and DRC. That’s no cap.

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Nomba isn’t just some small project; it’s a titan now. They raised $5 million in Series A led by Partech in 2019, then hit a huge $30 million pre-Series B in 2023 with investors like Shopify, Helios, Khosla, and more. They’re basically making banking and payments accessible for over 200,000 businesses in Africa. That’s huge, especially considering how many people still struggle with basic financial services there. Yinka’s mission? Make finance affordable and available, no bullshit.

What I love about him? His whole process screams perseverance and a real passion to solve problems that matter. He’s not just in it for a quick buck, he’s about creating stuff that actually helps people. From health tech to payments, he’s been in the trenches, understanding pain points, and turning ideas into thriving businesses.

And it’s not just about the tech. His experience shows he’s super motivated to push Africa forward, making financial inclusion a reality, helping small businesses grow, and pushing the continent onto the global map. That’s what sets him apart. He’s not just building for himself; he’s building for millions who need it most.

So yeah, Yinka Adewale? He’s a Nigerian startup legend in the making. The guy’s all about impact, hustle, and smart moves. No Cap, he’s someone to watch, especially as fintech and tech in Africa keep blowing up.

Founder ID: 106635

Industries

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