New Investments

Ivory Coast-based fintech Anka secures $1.7 million funding from IFC for expansion

Anka, an Ivory Coast-based financial technology company, has received $1.7 million in funding from the International Finance Corporation (IFC) to expand its operations.

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...

© 2021 Empower Africa. All rights reserved.