Funded Startups in Zambia
Recent disclosed rounds in Zambia show a sharp skew in disclosed size: Mangwee’s $100K (2021-06-08) is the only disclosed amount in the sub-$1M range, whil…
Recent disclosed rounds in Zambia show a sharp skew in disclosed size: Mangwee’s $100K (2021-06-08) is the only disclosed amount in the sub-$1M range, while Union54’s $12M (2022-04-18) and Lupiya’s $11M (2026-02-20) sit in a much higher band; Altus Financial Services at $3M (2026-06-17) is below those two but still well above Mangwee. Stage labeling is also concentrated: three of five rows are labeled either Seed or a named stage (Seed for Union54, Series A for Lupiya; the rest are Series Unknown/blank), and two rows use non-disclosed series designations ($3M and $11M aside, PremierCredit Zambia is “undisclosed” and Altus Financial Services is “Series Unknown”). Geographically, every entry is associated with Lusaka, and financially the five shown entries span 2021-06-08 through 2026-06-17, with the two latest closings clustering in 2026 (Feb and Jun). Sector-wise, all five listed companies are in Financial Services (including Altus Financial Services, Lupiya, PremierCredit Zambia, Union54, and Mangwee), with stage/outcome details concentrated in the most recent window.
Most recent rounds
5 shownRelated listings
Frequently asked
Which disclosed round is largest in the Zambia list, and how far above the next-largest disclosed amount is it?
Mangwee’s disclosed $100K (2021-06-08) is the smallest disclosed amount, not the largest; the largest disclosed amount is $12M for Union54 on 2022-04-18, which is significantly higher than the next-largest disclosed amounts of $11M (Lupiya, 2026-02-20) and $3M (Altus Financial Services, 2026-06-17).
Is the city footprint concentrated, or do the entries map to multiple geographies within Zambia?
All five rows list Lusaka in the location field (Altus Financial Services, Lupiya, PremierCredit Zambia, Union54, and Mangwee all reference Lusaka), with no other Zambian cities appearing in the shown set.
Do the most recent rounds cluster by time, especially within the 2026 window?
Yes. Two of the five entries closed in 2026—Lupiya on 2026-02-20 ($11M) and Altus Financial Services on 2026-06-17 ($3M)—while the remaining three are spread earlier (2024-02-14, 2022-04-18, and 2021-06-08).
What stage mix dominates among the five rows, considering Series Unknown and undisclosed amounts?
Named stages appear in two of five rows: Lupiya is Series A (2026-02-20) and Union54 is Seed (2022-04-18). The other three rows use non-named/unclear series designations: Altus Financial Services is “Series Unknown” (2026-06-17), PremierCredit Zambia is “Series Unknown” with an “undisclosed” amount (2024-02-14), and Mangwee leaves the series blank (2021-06-08).
Are there outliers in disclosed amount that stand apart from the rest of the disclosed band?
Yes. Mangwee’s disclosed $100K (2021-06-08) is an outlier far below the rest of the disclosed amounts ($3M on 2026-06-17 for Altus Financial Services, $11M on 2026-02-20 for Lupiya, and $12M on 2022-04-18 for Union54). PremierCredit Zambia (2024-02-14) is a second outlier in disclosure level because the round amount is “undisclosed.”
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