Zambian fintech startup, Lupiya, has recently made headlines after securing an $18 million deal with the USAID Enterprise Development and Growth Enhanced (EDGE) Project. The partnership is aimed at transforming the agricultural sector by providing financial and technical assistance to 450 agri SMEs.

Lupiya, which is focused on empowering local farmers, will be working closely with USAID EDGE to provide these agri SMEs with the support they need to thrive. The initiative is expected to drive sustainable growth in the sector, creating jobs and increasing food production in Zambia.

The partnership is a significant milestone for Lupiya, which has been providing financial services to underserved communities in Zambia since 2015. The company’s mission has always been to promote financial inclusion and provide access to capital for those who need it most.

With this partnership, Lupiya will have access to additional resources and expertise to help them achieve their goals. The company plans to leverage this opportunity to further drive innovation in the agri sector and strengthen the global food supply chain.

read also Zambian Fintech Lupiya, Started With $500, Catches Attention of US Vice President Amid $5M Funding

The USAID EDGE project, which is funded by the United States government, aims to promote economic growth and development in Zambia. By partnering with Lupiya, they hope to make a significant impact in the agricultural sector, which is a key driver of the country’s economy.

Overall, the Lupiya and USAID EDGE partnership is an exciting development for the agricultural sector in Zambia. With the deployment of up to $18 million, hundreds of agri SMEs will receive much-needed financial and technical support, paving the way for sustainable growth and development in the sector.

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert. 
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard