Subscribe to Our Newsletter

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn't arrive within 3 minutes, check your spam folder.

Ok, Thanks

Nigerian fintech, Lidya secures $8.3 million in a pre-Series B round

Nigerian lending startup, Lidya says it has secured $8.3 million in a pre-Series B funding round led by Alitheia Capital via its uMunthu Fund, bringing its total funds raised to $16.5 million to date.

Techloy profile image
by Techloy
Nigerian fintech, Lidya secures $8.3 million in a pre-Series B round

Nigerian lending startup, Lidya says it has secured $8.3 million in a pre-Series B funding round led by Alitheia Capital via its uMunthu Fund, bringing its total funds raised to $16.5 million to date.

The fintech company, which launched in two European cities last year, says the latest funding will be used to grow its lending operations for small and medium businesses across its markets. It will also be used to grow out its teams in Lagos, Prague, and Warsaw and to support lines of credit.

Other participating investors include Bamboo Capital Partners, Accion Venture Lab, and Flourish Ventures.

Techloy profile image
by Techloy

Subscribe to Techloy.com

Get the latest information about companies, products, careers, and funding in the technology industry across emerging markets globally.

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn’t arrive within 3 minutes, check your spam folder.

Ok, Thanks

Read More