Lupiya extends Series A to $11.25m

February 24, 2026

Zambian neobank Lupiya, an AI-powered digital bank offering loans, payments and investments, has extended its Series A funding round to $11.25m, according to a report from Disrupt Africa.

The extension increases the company’s previously announced $8.25m Series A round to a total of $11.25m, it said. The original raise, reported in September, was led by Alitheia IDF Fund, with substantial participation from INOKS Capital SA and German development finance institution KfW DEG.

The newly secured capital will be directed towards strengthening Lupiya’s technological infrastructure, broadening its suite of financial products and scaling operations to reach a wider customer base across Zambia and new markets.

Founded in 2016, Lupiya has evolved from a digital lending platform into a fully-fledged neobank with a pan-African strategy. It provides digital loans, payments and investment products, targeting both SMEs and individual customers.

Lupiya was among the first companies approved by the Securities and Exchange Commission (SEC) in Zambia to offer investments through peer-to-peer lending. The business states that its long-term vision is to become the first true pan-African neobank offering customers access to a comprehensive suite of banking products, while its mission is to streamline financial services for millions of people across Africa.

Lupiya co-founder and CEO Evelyn Chilomo Kaingu said, “This Series A investment marks a significant milestone in our journey to continue serving our customers and the opportunity to further provide holistic financial solutions. The team at Lupiya has worked hard and is excited for the new phase of our growth. With the support of Alitheia IDF, INOKS Capital, Mastercard, and Kfw DEG, we are better poised to scale our operations and deepen our footprint not just in Zambia but also in the broader Southern and East African region.”