Taxonomy

Lidya

[The Africa Report] Flourish Ventures MD Arjuna Costa targets next generation of unicorns

Flourish Ventures has secured $350m in new funding from the family office of eBay founder Pierre Omidyar. By David Whitehouse Flourish Ventures, which invested in Nigerian unicorn Flutterwave in its first seed round in 2017, will be seeking to unearth new unicorns as it deploys $350m in fresh capital, managing...

Lidya

[FinExtra] Digital lender Lidya raises $8.3m

Originally posted on FinExtra International alternative SME finance lender, Lidya, has successfully raised US$8.3 million in a pre-series B funding round. The funding will support Lidya as the business looks to grow its lending operations for SMEs across its African and European markets. The funding round was led by Alitheia...

Lidya

[TechCrunch] A year after expanding to Europe, Nigerian fintech Lidya raises $8.3M to scale lending operations

Originally posted on TechCrunch By Tage Kene-Okafor Nigerian fintech and lending startup Lidya today announced that it has completed its $8.3 million pre-Series B funding round. Alitheia Capital led the investment via its uMunthu Fund. Other investors that participated include Bamboo Capital Partners, Accion Venture Lab and Flourish Ventures. In...

Why We Invested in Lidya: Supporting the Growth of MSMEs across Africa

Globally, micro, small, and medium enterprises (MSMEs) contribute to an estimated 50 percent of total employment.