New Investments
ANKA Secures $5M Pre-Series A Extension to Accelerate E-Commerce Growth in Africa
ANKA, an Ivorian SaaS e-commerce platform for African businesses, has raised $5 million in a pre-Series A extension round led by the International Finance Corporation (IFC) with participation from Proparco and Bpifrance.
This brings the company’s total investment to date to $13.5 million.
ANKA provides a comprehensive e-commerce solution for African businesses, including website design and development, payment processing, and shipping.
The platform also offers a variety of features to help businesses grow their online sales, such as marketing tools and analytics.
ANKA plans to use the new funding to strengthen its product development and expand its services.
The investment in ANKA is a sign of the growing interest in African e-commerce.
E-commerce sales in Africa are expected to reach $30 billion by 2025, according to Statista.
ANKA is well-positioned to capitalize on this growth with its comprehensive e-commerce solution and focus on African businesses.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
Sahel Capital Secures $10 Million from Mastercard Foundation to Back Agri-SMEs in Africa
Sahel Capital, manager of the Social Enterprise Fund for Agriculture in Africa (SEFAA), has secured a $10 million commitment from the Mastercard Foundation Africa Growth Fund, which is administered by Mennonite Economic Development Associates (MEDA) in Mauritius.
Addis Ababa EV Startup Dodai Secures $4 Million in Series A Funding
Ethiopian electric vehicle (EV) startup Dodai has raised $4 million in its Series A funding round, marking a significant milestone for the company and the Ethiopian startup ecosystem.
Morocco’s Chari Secures Investment From DisrupTech Ventures to Expand Community-Level Financial Services
Cairo-based early-stage fintech venture capital firm DisrupTech Ventures has made a strategic investment into Moroccan fintech startup Chari, marking its first deployment in Morocco and only its second investment in Africa outside of Egypt.