Zambia Neobank Lupiya Extends Series a to $11.25m

Zambian digital bank Lupiya has extended its Series A funding round to $11.25 million as it prepares to scale operations in Zambia and expand into new markets.

Founded in 2016, Lupiya provides digital financial services aimed at unbanked and underbanked populations. The company focuses on technology-driven lending and other financial products designed to increase access to formal finance.

The startup initially raised $8.25 million in September in a Series A round led by Alitheia IDF Fund, with…