Nigerian fintech company Lidya has completed its $8.3 million pre-series B funding round, led by Alitheia Capital through its uMunthu Fund.

Lidya is a digital platform that provides financing to SMEs, through the use of technology and proprietary credit scoring algorithms. In addition, Lidya has created dashboards and tools to help businesses manage their receivables and cashflow to build credit scores that unlock higher credit limits and affordable rates.

The new capital will a...