Lidya is an online provider of working capital loans to small businesses in Nigeria.

In Nigeria, there are currently over 9 million MSMEs, making up almost half of the country’s GDP. Their funding gap is $ 28bn (source: IFC Enterprise Finance Gap Database).

The Lidya mission is to tackle the existing credit gap in Nigeria from both the demand and supply side. Through data analytics and behavioral science, they offer better-tailored and transparent financing products, and bypass previous obstacles to SME credit such as collateral requirements and absence of credit history.

Access to credit will enable small and medium sized business to grow and contribute to economic growth in the country.

Goodwell invested EUR 1 million since April 2018.

The transaction was executed by Alitheia Capital, co-manager of the Umunthu fund

Case study Lydia, Financial Inclusion

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