Founded in 2016 by Evelyn Chilomo Kaingu, Lupiya offers mobile-first lending products that allow individuals and small businesses to access credit without traditional collateral requirements. The platform has broadened its services to include Lupiya Pay, a digital payments solution, and is developing embedded finance partnerships to deepen customer engagement. By leveraging technology, Lupiya targets Zambia’s sizable unbanked and underbanked segments, positioning itself as an inclusive alternative to traditional banks. The company intends to use new capital to strengthen its core technology stack, introduce additional financial products, and scale its operations into other Southern and East African markets. Although specific revenue or user figures were not disclosed, management highlights growing demand for digital credit solutions across the region. The firm’s expansion strategy centers on both product diversification and geographic growth, aiming to become a regional leader in digital financial services.

Total raised

$20M

Funding rounds

2

Latest round

Series A

Latest activity

Feb 2026