Zambia’s Lupiya Raises USD 8.25 M Series A Round

Zambian neobank Lupiya has successfully secured USD 8.25 M in Series A funding to scale operations in its home market and in new ones. The round was led by Alitheia IDF Fund, with substantial participation from INOKS Capital SA and the German Investment Bank KfW DEG.

Lupiya works to bridge the financial inclusion gap by offering easy-to-use, technology-driven financial solutions to the unbanked and underbanked populations in Zambia. The funding will be channeled into enhancing Lupiya’s technological infrastructure, expanding its range of financial products, and scaling its operations to reach more customers.