Lidya, Nigeria’s digital lending pioneer, shuts down
Lidya was launched in 2016 by former Jumia executives Tunde Kehinde and Ercin Eksin. The company raised approximately $16.45 million between 2017 and 2021, including an $8.3 million pre-Series B funding round.
How to get business loans using fintech platforms
Nigerian entrepreneurs struggle with lengthy paperwork and strict collateral requirements from traditional banks. Fintech platforms are providing digital lending tools that allow businesses to apply for loans without visiting a bank.
This fintech is driving billions in consumer loans across Africa and staying under the radar
Kuunda has powered more than $3 billion in loans since 2018, operating behind the scenes in the digital lending space. The company specializes in providing liquidity infrastructure to partners through its liquidity API and credit scoring algorithms.
Ivorian fintech Djamo secures first microfinance licence with no objection from the BCEAO
Djamo secured a microfinance license from BCEAO after a 3-year process. It is the first fintech in West Africa to obtain such a license.
How to leverage AI in marketing to boost retention and revenue for your fintech app
Only 3.1% of users who download a finance app are retained by day 30. Finance apps account for 87% of all app install ad spend in Africa.
