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Lidya is a financial services platform to improve access to credit and finance across fast growing economies. We use innovative technology with a strong customer experience and proprietary credit scoring algorithms to help small & medium businesses open an account online, manage funds, and access credit needed to grow their businesses and plan their futures.In addition, we have created dashboards and tools to help businesses manage their receivables and cashflow to build credit scores that unlock higher credit limits and affordable rates. Welcome to Lidya. Welcome to the future.
Lidya provides an online lending platform for Nigeria-based SMEs and individuals. Its credit algorithms allow SMEs to build a credit score and access financing to grow their businesses. The company aims to digitize and streamline the credit assessment process to make it easy for any SMEs across Africa to access the funding they need to grow their business. Lidya has been recently accepted into the MasterCard Start Path Program.
Lydia provides a credit-based platform that allows business to sell invoice and get financed within two days. The company offers collateral-free loans for the purchase inventory, upgrade equipment, working capital, business expansion, invest in social media, etc. It offers business loans ranging from $500 to $50,000 by without collateral, verifying physical location, present audited financials, and projections. It also provides a mobile app that enables micro, small, and medium-sized enterprises (MSMEs) to create an online account, and share business & transaction details to the platform. With the platform, MSME can manage cash flows, customer data, and create and send invoices digitally.
Major customers from farming
and health. Some of its customers; Bentigos
Lidya assesses credit risk by using around 100 data points to evaluate each business and builds a unique credit score.
The company claims it has closed around 2,000 business loans. (June 2018)
The company has more than 106k business registered users till date. (June 2018)
In Nigeria, the IFC estimates that there is an MSME credit gap of at least $25 billion. (June 2018)
$1M to $10M
SERIES A · $6.9 M · May 2018
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