Newid capital is a venture capital that is interested in investing in international financial services companies that help the 'underbanked'. The firm was founded in 2014 in Alexandria, Virginia, United States.
The firm is exclusively invested in financial services startups that reside outside of the United States, Canada, and Western Europe. They look for companies they can leverage experience in to further goals and missions. The firm has helped companies such as firstaccess, Lidya, Lulalend, NOW Money, Tekkredi, and Apollo Agriculture.
The Nigeria-based Lidya uses a tech-based credit algorithm to loan to small businesses without credit histories.
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- StartupA startup company is an entrepreneurial venture in the initial stage of its operations. Startups are typically young businesses aiming to grow quickly and meet a marketplace need by developing or offering an innovative product, process or service.
- Apollo Agriculture
- NOW MoneyThe Gulf Cooperation Council's (GCC) first app-only account and remittance service. They provide employers with payroll and an account for every employee with in-app remittance.