Anka raises $5 million | Technological cabal

by MMC
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Anka, an Ivorian e-commerce startup with the majority of its suppliers in Nigeria and Kenya, has raised $5 million in equity and debt in an expansion round.

Anka, an Ivorian startup that operates three e-commerce products, has raised a pre-Series A expansion round worth $5 million, after raising a $6.2 million pre-Series A round dollars last year. This brings the total amount raised by Anka to $13.5 million. The funding round was led by the International Finance Corporation (IFC), with the participation of Proparco and Bpifrance, an investment bank.

Founded by Luc B. Perussault Diallo, Moulaye Tabouré and Kadry Diallo, the startup, formerly known as Afrikrea (an African clothing and art marketplace), rebranded as Anka and added a payment (Anka Pay) and shipping (Anka Shipping) product to the marketplace by partnering with DHL and Visa.

According to Kadry Diallo, co-founder and COO, the startup went from recording more than 700,000 monthly visits and $35 million in transactions last year to recording more than 1 million visits and $50 million today. This allowed the startup to increase its gross turnover from €200,000 to €3.6 million during the same period.

“We have grown in terms of our community of buyers and sellers since last year. The more our community grows, the more efficient the processes must be. That’s why we created an extension to strengthen our processes and build teams as well,” he said. said. The startup will use the funding to grow its sales, technical and product teams as it seeks to grow its number of suppliers from 20,000 to 100,000 by 2030.

This funding will further consolidate Anka’s position as the most funded startup in Ivory Coast and continue the wave of increased investment in French-speaking Africa. “Abidjan is not only a hidden gem for African startups but for the African economy in general. We have a strong economy and superb infrastructure that is not talked about much,” said Moulaye Tabouré, co-founder and CEO of Anka. TechCabal last year.

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