Lidya
Digital financial credit services and invoice financing for growing businesses
What it does
Lidya was founded in 2016 by Tunde Kehinde and Ebehijie Momoh to provide unsecured working capital credit to small and medium enterprises across emerging markets. Using alternative data points, Lidya assesses loan applications in under 24 hours to supply growth capital to African businesses. It expanded operations across Europe and Africa with backing from top global investors.
SME / business lendingInvoice financing / factoring
Known for
- Unsecured digital SME working capital loans
- Rapid algorithmic credit scoring
- Multi-market enterprise financing
- Pioneering African B2B digital lender
Model & industry
SaaSAPI-as-a-ProductAll / Cross-industry
Funding history
$9.6M
Total raised
2
Rounds
Pre-Series B
Latest stage
2021
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2021-07 | Pre-Series B | $8.3M | Alitheia Capital |
| 2017-03 | Seed | $1.3M | Accion Venture Lab |
Source: Condia Funding Tracker
Products & subsidiaries
Lidya Working Capital Loans · Digital Lending Platform