Lidya, Nigerian fintech startup, has raised $1.25 million dollars in seed funding. The funding round was led by Accion Venture Lab, with participation from Newid Capital and several other unnamed angel investors. Lidya which joined the steady growing financial technology industry late last year was founded by Tunde Kehinde and Ercin Eksin co-founders of the African Courier Express(ACE).
The company is a financial services platform for Africans worldwide based primarily on lending. They grant individuals and African businesses access to small loans using credit scoring algorithms. No further details was giving on the funding, but we have reached out to Tunde Kehinde and Ercin Eksin and will update this story with any other detail from the correspondence.