Zambia's Lupiya, a neobank focused on financial inclusion, has secured $8.25 million in Series A funding. Led by Alitheia IDF Fund, with participation from INOKS Capital SA and KfW DEG, the funding will boost Lupiya's technological infrastructure, expand its range of financial products, and scale its operations in Zambia and beyond. Lupiya aims to provide accessible financial solutions to unbanked and underbanked populations in Zambia and the broader Southern and East African region. CEO Evelyn Chilomo Kaingu expressed excitement about the growth opportunities enabled by this investment, emphasizing their commitment to financial inclusion.

Key Points:

1. Lupiya has raised $8.25 million in a Series A funding round led by Alitheia IDF Fund, with participation from INOKS Capital SA and KfW DEG.

2. The funding will be used to enhance Lupiya's technological infrastructure, expand its range of financial products, and scale its operations in Zambia and the broader Southern and East African region.

3. Lupiya's mission is to bridge the financial inclusion gap by offering technology-driven financial solutions to the unbanked and underbanked populations.

4. CEO Evelyn Chilomo Kaingu emphasized the significance of this Series A investment in advancing their commitment to providing holistic financial solutions and expanding their footprint.

5. Polo Leteka, co-managing partner of Alitheia IDF Fund, highlighted Lupiya's dedication to financial and gender inclusion, aligning with their objectives.

Read more on Disrupt-Africa