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 Fintech Startup Zeal Secures $4 Million for Global Expansion
Egyptian fintech Zeal has secured a $4 million investment, led by Raed Ventures and Cur8 Capital.
UNDP and METI Team Up to Empower Six African Startups for Investment Success
Six African tech startups have been chosen as finalists for the “Meet the Tôshikas” program, a joint initiative by the United Nations Development Programme (UNDP) and Japan’s Ministry of Economy, Trade and Industry (METI).
Nigerian Retail-Tech Startup OmniRetail Begins Series A Funding Round With Goodwell
Nigerian retail technology company OmniRetail has launched its Series A fundraising round with an initial investment from Goodwell Investments, a leading impact investor.
