Money Site Reviews

LYDIA.CO Review | Get Unsecured loans of between $500 And $50,000 In Nigeria

LYDIA.CO Review | Get Unsecured loans of between $500 and $50,000 In Nigeria


It has come to our notice that it takes good finance or capital to become an entrepreneur. looking at the economy of Nigeria as a country, Owning your own investment is the only solution to financial freedom, but cannot be possible when you cannot have access to money to set up you SME.

iTechflake has taken their time to review all the online lending platforms, which is one of them. is different from Lydia-app. is an online lending platform which claims to give an unsecured loan for your small and medium business investments while Lydia-app is an international payment solution platform, which allows you to make small cashless payments anywhere anytime.(Read Lydia-app Now).

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Lidya is an online platform that provides businesses access to finance. The platform offers small and medium-sized businesses unsecured loans of between $500 and $50,000.

According to the founders, “Lidya uses technology and algorithms to assess the risk before granting the loans, it allows them to offer financial products to these customers at a low cost.

Lidya is a financial services platform to improve access to credit and finance across the frontier and emerging markets starting with Nigeria. Launched in November 2016, with a mission to close that yawning credit gap, both in Nigeria and across emerging markets where there is a $2.6 Trillion SME credit gap worldwide.

Businesses who are looking for $500 USD to $50,000 in working capital are able to apply online or via their mobile phone and get a decision in 24 hours. To assess credit risk, Lidya uses close to 100 data points to evaluate businesses, build a credit score unique to each business, and disburse loans in 24 hours or less.

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According to the time of this post, Lydia is bosting of close to 2000 loans disbursed since 2016, which intails that is becoming one of the successful loan platforms in Nigeria.

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WHO IS THE FOUNDER OF LYDIA.COM is founded by Nigerian young entrepreneur who goes by the name Tunde Kehinde and it CO-founder is Ercin Eksin.


Lydia prides their self to be simple and fast. Access working capital, keep track of your receivables and invoice your customers anywhere & anytime. Your loan applications are processed within 48 hours and, if approved, disbursed within the same day.

Account Data Used as collateral

Banks require collateral to give out loans. To get financing from Lidya, you don’t need to have a collateral, 3 years audited financials and 5-year financial projections. Our algorithms process around 100 data points to make a decision.

You don’t need to be working with any company to access this loan, the app algorithm goes through bank statement, to check your financial capability and project your financial capability to know how much you are eligible to access, to make sure you can remit the money.

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Lidya Credit Score

Every payment, every data counts. We build Africa’s first credit score for small & medium businesses. As you build your score; you will unlock better rates and more capital. The faster you remit your loan, you gain more points which help you to earn trust from the company and open your profile to a bigger amount of loan.

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Get Unsecured loans of between $500 and $50,000 In Nigeria

No Hidden Fees / Transparent

For every loan that our clients take, our repayment schedule is clearly communicated. It doesn’t have any additional or hidden fees. You pay back what you see.


Lydia is good for an unemployed person, whose account has made a reasonable amount of transaction over the years.


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