Lidya, an online lending and invoicing platform founded by Tunde Kehinde and Ercin Eksin, founders of logistics company African Courier Express (ACE), has been launched officially.
The founders first announced Lidya back in September 2016 in a bid allow businesses (read: small and medium businesses) secure loans without much ado.
The platform officially launched on November 2, 2016. It will offer the category of businesses mentioned above unsecured loans between US$500 and US$15,000, and provide invoicing service.
Also, the startup will partner Nigerian banks to allow them use the platform to target small businesses.
Signing up for Lidya is pretty easy. You’ll be required to input your names (first and last), a valid email address and a functioning mobile number. Thereafter, you’ll receive an email containing steps to complete sign up.
After completing the sign up process, you’ll be required to complete your company information (this includes company name, website, logo, RC number, bank details, et al) before accessing loans.
Lidya is based out of Lagos and is focusing on Nigerian customers at the moment. As time goes on, it will expand to other African countries.
With the launch, Lidya has entered into a space that is gradually gathering momentum in Nigeria – PayLater and Aella Credit are offering similar service.