New Investments
Ivory Coast-based fintech Anka secures $1.7 million funding from IFC for expansion
The funding will be used to develop Anka’s digital lending platform and to increase its reach to underserved borrowers in Ivory Coast.
Founded in 2016, Anka is on a mission to provide affordable and accessible financial services to micro, small, and medium-sized enterprises (MSMEs) in Ivory Coast.
Anka’s digital lending platform allows businesses to apply for loans online and to receive funds within 24 hours.
The IFC funding will help Anka to expand its reach to more MSMEs in Ivory Coast.
The company plans to use the funding to develop its digital lending platform and to hire more staff.
Anka also plans to use the funding to research the needs of MSMEs in the Ivory Coast and develop new products and services to meet those needs.
IFC, a member of the World Bank Group, provides loans, equity, and technical assistance to private companies in developing countries.
The IFC’s investment in Anka is part of its commitment to supporting Africa’s financial sector growth.
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...
Egyptian E-Commerce Platform WayUp Sports Secures Seed Funding for Regional Expansion
WayUp Sports, an Egyptian e-commerce platform specializing in performance-based sports gear, has secured a seed round of funding to fuel its regional expansion, launch a private brand, and enhance user experience across its application and website.
Moroccan proptech startup Agenz has secured $1.3 million pre-Series A funding
Moroccan proptech startup Agenz has secured $1.3 million pre-Series A funding.
Egyptian Interior Design Startup Efreshli Secures Seed Funding Round Led by Algebra Ventures
Egyptian interior design platform Efreshli has raised an undisclosed seed funding round to enhance its offerings and expand its product line.
