Lidya
 | |
| Private | |
| ISIN | 🆔 |
| Industry | Financial technology, Financial services |
| Founded 📆 | November 2016 |
| Founder 👔 | Tunde Kehinde, co-CEO Ercin Eksin, co-CEO |
Areas served 🗺️ | Nigeria Czech Republic Poland |
| Products 📟 | Business loan Vendor finance |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Lidya is a fintech company and small and medium enterprise (SME) digital lender based in Nigeria.[1][2]
History[edit]
Founded in 2016 in Nigeria by Tunde Kehinde, Lidya has operations in New York, Lagos, Porto, Warsaw, and Prague.[3] As of October 2019, they had provided approximately 10,000 loans in Nigeria.[1] Most their clients are small businesses such as retailers, supermarket owners, boutique stores and pharmacies.[4]
Lidya uses an online scoring system to evaluate small business loan applicants.[1] They distribute microloans as little as $150 with turnaround time of 24 hours.[2][5]
In 2017, the company participated in the MasterCard Start Path Programme and raised $1.25 million from Accion Venture Lab. In 2018, the company raised $6.9 million in a series A round. Investors included Omidyar Network, Alitheia Capital, Accion Venture Lab, Bamboo Capital Partners, Newid Capital, and Tekton Ventures.[6]
In 2019, the company started targeting lending in Eastern Europe, including Poland and the Czech Republic, in order to expand.[1][2][7][8]
The company's co-founder and co-CEO, Tunde Kehinde, was interviewed by CNN and Techcrunch.[9][10]
References[edit]
- ↑ 1.0 1.1 1.2 1.3 "Nigerian Fintech Firm Targets $1.1 Billion in Eastern Europe Loans". finance.yahoo.com. Retrieved 2020-12-05.
- ↑ 2.0 2.1 2.2 Shapshak, Toby. "Nigerian SME Digital Lender Lidya Expands to Europe". Forbes. Retrieved 2020-12-05.
- ↑ https://www.pulse.ng/bi/tech/nigerian-digital-sme-lender-lidya-launches-operations-in-poland-and-czech-republic/38rkp24
- ↑ "Nigeria's Lidya set on being biggest non-bank lender to SMEs with Polish, Czech expansion". Ventureburn. 2019-11-07. Retrieved 2020-12-11.
- ↑ "Is fintech the key to African SMEs' Covid-19 recovery?". Oxford Business Group. 2020-06-11. Retrieved 2020-12-11.
- ↑ "Nigerian fintech Lidya raises $6.9m in Series-A round led by Omidyar Network [Updated]". Ventureburn. 2018-05-24. Retrieved 2020-12-11.
- ↑ "Nigerian Fintech Firm Targets $1.1 Billion in Eastern Europe Loans". Bloomberg.com. 2019-10-14. Retrieved 2020-12-11.
- ↑ "CEE fintechs step up as consumers dump cash". Euromoney. 2020-05-11. Retrieved 2020-12-11.
- ↑ How one company is hoping to help small businesses thrive in Africa - CNN Video, retrieved 2020-12-05
- ↑ "A conversation with Tunde Kehinde of Lidya on finance and the digital divide". TechCrunch. Retrieved 2020-12-11.
 | This African bank or banking-related article is a stub. You can help EverybodyWiki by expanding it. |
This article "Lidya (company)" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Lidya (company). Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
