Lidya: Successfully raised US$8.3 million in a pre-series B funding round

Lidya: Successfully raised US$8.3 million in a pre-series B funding round

• Lidya is a financial services platform to improve access to credit and finance across fast-growing economies
• The funding will support as the business looks to grow its lending operations for SMEs across its African and European markets
• The funding round was led by Alitheia Capital (via the uMunthu Fund) with participation from Bamboo Capital Partners
• Additionally raised a US$300,000 line of credit from Bamboo Capital Partners
• The successful equity raise comes as sets its sights on solidifying its presence in European and African markets
• In October 2019 announced its expansion into Europe with new lending operations launching in Poland and the Czech Republic