Lupiya

Lupiya is an AI-powered neobank for individuals and small businesses in Zambia (and Tanzania) that offers digital credit, payments, and lending-based investing.

Key capabilities include:

• Digital loans across personal, SME, and agriculture use cases, including products such as salary advances, civil servant loans, Zambia Defence Forces loans, order finance, invoice discounting, asset financing, and agri loans. Published ranges include ZMW 500 to ZMW 250,000 for personal loans and up to ZMW 1,000,000 for business loans, with tenures shown as 62 days to 60 months and a stated maximum APR of 40%.
• Fast applications and disbursement via online application flows, with options to apply on the website, in the mobile app, and via *USSD (378#) for feature phones. The site also publishes a representative SME loan example (K1,000,000 over 12 months at 2.5% interest).
• Payments and transfers, including bill payments and money transfers, plus in-app transfers to other users using a Lupiya tag.
• Investments (peer-to-peer lending) via Lupiya Invest (waitlist available), allowing users to lend to borrowers for returns.

Available on Web, Android, and iOS.

Target users include civil servants, SMEs, farmers, and other underbanked customers in Zambia and Tanzania who need credit without traditional collateral, plus partners using the agent channel.

Notable in the African fintech market for expanding access to credit using alternative data and AI-driven credit scoring, offering published loan terms and APR caps, and operating a regulated peer-to-peer lending model in Zambia (SEC approval noted in the product brief).