{"id":4594,"date":"2023-09-19T15:25:15","date_gmt":"2023-09-19T13:25:15","guid":{"rendered":"https:\/\/afd-chooseafrica-qa.cegedim.cloud\/?p=4594"},"modified":"2023-09-19T15:31:07","modified_gmt":"2023-09-19T13:31:07","slug":"anka-secures-us5m-funding-to-export-africa","status":"publish","type":"post","link":"https:\/\/afd-chooseafrica-qa.cegedim.cloud\/en\/news\/anka-secures-us5m-funding-to-export-africa\/","title":{"rendered":"Anka secures US$5M funding to export Africa"},"content":{"rendered":"
International Finance Corporation (IFC) along with Proparco and French Public Investment Bank to advocate the promotion of Africa\u2019s creative economy to the world<\/strong><\/div>\n
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ANKA<\/a>, the \u201call-in-one SaaS for global African businesses”, has announced the closure of a US$5M pre-Series A extension round by the\u00a0International Finance Corporation (IFC)<\/a>\u00a0with participation from\u00a0Proparco<\/a>\u00a0and the\u00a0French Public Investment Bank<\/a>. The new round of funding brings the company\u2019s total investment to date to US$13.5M since being founded in 2016 as ANKA fuels its efforts in product building as well as expanding its services to encourage and further develop African entrepreneurship on a global scale. The company is set to strengthen its presence in key countries where it has already recorded unparalleled growth; including Nigeria and Kenya for the number of sellers, and the US for its buyers and subscribers. Furthermore, ANKA also plans to use the investment to actively recruit sales, technical, and product talent to catalyse its growth.<\/p>\n

Since its last injection of capital in 2022, ANKA has almost doubled its margins and its community of African SMEs in 47 out of 54 countries on the continent. The company processed over US$50M in transactions in over 175 countries around the world. Since its first round of fundraising in 2022, ANKA\u2019s turnover has increased over 18 times from \u20ac200k to \u20ac3.6M. The platform now aims to onboard 100,000 African sellers by 2030, championing the cross-border trade of \u201call things made of Africa\u201d to a global audience. These achievements underline ANKA’s influential presence in the African e-commerce ecosystem. As well as its ambition to reach the same level as \u2018Paypal\u2019 for all the entrepreneurs on the continent.<\/p>\n

ANKA provides a subscription model platform for African entrepreneurs to:<\/p>\n