ANKA, an Africa-based comprehensive SaaS solution for African enterprises aiming for global reach, secured a $5 million investment in a pre-Series A extension round, bringing its total funding to $13.5 million.
This funding, comprising both equity and debt, comes from notable investors including the International Finance Corporation, Proparco, and Bpifrance.
International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States.
Established in 1977, Proparco provides funding and support to businesses and financial institutions in Africa, Asia, Latin America, and the Middle East. The firm focuses on key development sectors, such as infrastructure, especially for renewable energies and energy efficiency, agriculture and agro-industry, banks, financial markets, and microfinance, health, and education sectors.
Bpifrance is a provider of financial solutions intended to serve companies that are booting up the listing on the stock exchange and credit equity. The company offers solutions for financing, aid for innovation, capital investment, or support, they are committed to those who wish to begin a transition process to serve the future.
ANKA Use of Funds
With this new capital infusion, ANKA aims to enhance its product offerings and expand its presence, particularly in key markets like Nigeria, Kenya, and the USA.
The goal is to refine the platform's e-commerce capabilities, providing a smoother and more efficient experience for African enterprises looking to venture into online sales.
Founded in 2016 by Abdoul Kadry Diallo, Luc Perussault Diallo, and Moulaye Taboure, ANKA is a comprehensive SaaS solution catering to African enterprises seeking global expansion. The platform serves a diverse range of clients, including exporters, online retailers, and drop shippers, offering consolidation of sales, shipping, and payment processes. ANKA provides a global marketplace, connecting local African businesses with potential international customers. Collaborations with industry leaders such as Visa, MTN, SEPA, and DHL ensure seamless payment and delivery solutions for users.
To date, ANKA has attracted over a million monthly users and has overseen transactions worth $50 million across 175 nations.
Company: MANSAART S.A.S
Round: Pre-Series A Extension
Funding Month: September 2023
Lead Investors: International Finance Corporation, Proparco, and Bpifrance
Company Website: https://www.anka.africa/
Software Category: E-Commerce SaaS Platform