Lupiya Bags $11.3M Powering Financial Inclusion Across Zambia

💰 Lupiya’s Big Raise

• Zambia-based digital neobank platform Lupiya has just secured $11.25M in an extended Series A.

• Investor check. Alitheia IDF led the round. INOKS Capital SA and the German development finance institution KfW DEG also pitched in.

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🌍 Banking the Unbanked

• Traditional banks often overlook millions of people in Southern Africa. Without a bank account or credit history, many families can't get loans to start a business or cover personal costs.

• Lupiya is closing this gap. They use alternative data to verify if someone can pay back a loan, even if they don't have a standard bank statement.

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📈 Proven Success

• Lupiya has built a customer base of over 100,000 users in Zambia alone.

• Even with local economic shifts, their repayment rates have stayed high.

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🚀 Moving South

• The funding will push Lupiya into new markets across Southern Africa.

• As more people in the region get smartphones, Lupiya is moving to become a primary choice for credit and digital banking.