Lidya (company)

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Original short description: "Multinational lending company"


Lidya is a fintech company and small and medium enterprise (SME) digital lender based in Nigeria.[1][2]


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]


  1. 1.0 1.1 1.2 1.3 "Nigerian Fintech Firm Targets $1.1 Billion in Eastern Europe Loans" (in en-US). 
  2. 2.0 2.1 2.2 Shapshak, Toby. "Nigerian SME Digital Lender Lidya Expands to Europe" (in en). 
  4. "Nigeria's Lidya set on being biggest non-bank lender to SMEs with Polish, Czech expansion" (in en-ZA). 2019-11-07. 
  5. "Is fintech the key to African SMEs' Covid-19 recovery?" (in en). 2020-06-11. 
  6. "Nigerian fintech Lidya raises $6.9m in Series-A round led by Omidyar Network [Updated"] (in en-ZA). 2018-05-24. 
  7. "Nigerian Fintech Firm Targets $1.1 Billion in Eastern Europe Loans" (in en). 2019-10-14. 
  8. "CEE fintechs step up as consumers dump cash" (in en). 2020-05-11. 
  9. How one company is hoping to help small businesses thrive in Africa - CNN Video,, retrieved 2020-12-05 
  10. "A conversation with Tunde Kehinde of Lidya on finance and the digital divide" (in en-US).