Nomba and Drive45 Lead $11.3M Startup Funding in Nigeria

In September 2026, Nigeria's startup ecosystem experienced a significant decline in funding, with nine startups raising a total of $11.3 million, a 96.9% drop from the $364.1 million raised by 20 startups in August. The previous month's figures were bolstered by large transactions, including Moove's $250 million Series C round, Jumia's $50 million raise, and Yellow Card's $40 million funding round.

Despite the lower total, more startups received funding in September 2026 compared to the same month in 2025. Nomba, a fintech company, and Drive45, a logistics and transport firm, each secured $3 million through debt financing, accounting for approximately 53.1% of the total funding for the month.

ChipMango, a deeptech startup, raised $2.1 million through two transactions, while Aeon, another deeptech startup, obtained $1 million in a pre-seed round. The funding activity reflects ongoing interest in sectors such as fintech, logistics, deeptech, and waste management.