Accion Venture Lab, the seed-stage investment vehicle of financial inclusion-focused investor Accion, has led a US$1.25 million seed round for Nigeria-based fintech company Lidya. Impact investor Newid Capital and several angel investors also participated in the round. Lidya operates a digital platform that facilitates access to finance for small- and medium-sized enterprises in Africa by building customized credit scores, assessing customers for loans and providing loans to qualified businesses. The company will use the funds to accelerate product development and expand its team.