Lidya
Credit for small businesses
- Category:
- Fintech
- Country:
- Nigeria
- Founded:
- 2016
- Cause of Failure:
- Financial distress
- Outcome:
- Shutdown
- Shut Down in:
- October 2025
- Founders:
- Ercin Eksin, Tunde Kehinde
- Number of Founders:
- 2
- Number of Employees:
- 51-100
- Funding Amount:
- $16.50 M
- Funding Rounds:
- Series B
- Notable Investors:
- Flourish Ventures, Accion Ventures, Bamboo Capital Partners, Goodwell Investments, Savannah Fund
About Lidya
Lidya was a platform that provided access to credit for small businesses in Africa.
What went wrong?
Lidya struggled to achieve profitability and faced challenges in scaling its operations. Despite raising significant funding, the company was unable to sustain its business model and ultimately decided to shut down.
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Nigerian digital lender Lidya shuts down operations despite raising $16.45 millionSubscribe to our newsletter
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