Fintech startup Lidya raises US$8m pre-Series B funding to strengthen its position in the market

NIGERIA – Lidya, a fintech startup, has raised US$8.3 million in a pre-Series B funding round led by Alitheia Capital’s uMunthu Fund with participation from Bamboo Capital Partners, Accion Venture Lab, and Flourish Ventures Lidya hopes to strengthen its position in its three markets of Nigeria, Poland and the Czech Republic with this raise. The company’s leadership structure has also changed as a result of the investment. Co-founder Ercin Eksin has departed Lidya to pursue other initiatives, according to the company’s announcement, and Kehinde has taken over as the sole…

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