Lidya, the digital financial services platform focused on improving access to credit for micro, small, and medium-sized enterprises (MSMEs) in Africa, today announced that it has raised $6.9 million in a Series A investment round, one of the largest in Nigerian tech history.
The funding was led by Omidyar Network, the Silicon Valley impact investment firm established by Pierre Omidyar, the founder of eBay. Bamboo Capital Partners also participated in the Series A round alongside new investors Alitheia Capital, Tekton Ventures, and existing investors Accion Venture Lab, Newid Capital.
The funds raised will allow Lidya to expand its loan book, scale in Nigeria, enter new markets in Africa, and bring in more skilled professionals, particularly data scientists and engineers.