MSMEs: Firm cuts estimated financing gap to $1.25m

The International Finance Corporation's (IFC) estimated $2 trillion Micro, Small and Medium Enterprises (MSMEs) funding gap in emerging markets has been partly reduced through the intervention of leading Nigeria based fintech platform, Lidya, with $1.25million seed funding round. In a statement, Lidya noted that the round was to further its mission of easing access to finance for small and medium enterprises (SMEs) across Africa. The firm said that the round was led by Accion Venture Lab, the seed-stage investment initiative of financial inclusion leader, Accion, which invests capital in, and...The post MSMEs: Firm cuts estimated financing gap to $1.25m appeared first on New Telegraph Newspapers.
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