Nairametrics
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Corporate deals

DEAL: Afrikrea rebrands to ANKA as it secures $6.2 million in pre-Series A round

Zainab Iwayemi by Zainab Iwayemi
January 15, 2022
in Corporate deals, Tech News
DEAL: Afrikrea rebrands to ANKA as it secures $6.2 million in pre-Series A round
Share on FacebookShare on TwitterShare on Linkedin

eCommerce platform for African product, Afrikrea has secured a pre-Series A round of $6.2million led by Investisseurs & Partenaires and also includes participation from Alibaba’s Executive Vice Chairman Joe Tsai, Bestseller, bringing the company’s total investment to date to US$8.1 million since founded in 2016.

In a press release made available to Nairametrics, the platform said the development coincides with its rebranding – changing name to ANKA and reinforcing its all-in-one solution for selling anywhere, shipping globally and receiving payments quickly.

According to the company, the new capital raised will be deployed to build out the mobile infrastructure of ANKA’s e-commerce, SaaS, allowing effortless global access for its retailers, as well as investing in further product development, adding that the funding will also be used to boost talent acquisition across its product, sales and finance teams, as it looks to hire more remote developers.

What they are saying

Highlighting that the company positions itself as an African leader of commerce, it stated that all-inclusive nature of the new name reflects its pan-African reach and expanded scale of operations across the beauty, food, textiles, agricultural and industrial sectors, providing new routes to market and opportunities for thousands of sellers on the continent.

Moulaye Taboure, CEO and Co-Founder of ANKA said, “We have recorded unprecedented growth since the launch of ANKA last year; since then our subscribers tripled and volume on the newest services has multiplied by 8 just over the last 6 months.

“As our vision and clients’ needs had outgrown the singular purpose of the Afrikrea marketplace, operating under ANKA provides a more holistic description of our mission as a pan-African company. Through the ANKA platform, which integrates every aspect of business, we now serve sellers, not just in fashion, but in what will be a variety of sectors in over 80% of the African countries.”

He added, “Instead of trying to get Africans to buy more or spend faster, ANKA will be one the few companies that actually help them earn, own and create, at a global scale. Growth, velocity, volume and “financial inclusion” are all empty words without value creation, distribution and worldwide scale. Most of Africa’s development problems will not be solved by just better efficiencies in moving cash, we need to produce, sell and build for the world to matter.”

Sebastien Boye, Co-CEO of Investisseurs & Partenaires noted that the ANKA has the potential to create a full entrepreneurial ecosystem, around its comprehensive platform adding I & P are very impressed with the growth of ANKA since it launched and are confident in their ability to drive digital and financial inclusion for African entrepreneurs.

He said, “We are delighted to have led ANKA’s funding round. This company is at the heart of IPAE2’s investment strategy: a talented and ambitious African founders team, a significant growth and value creation potential and a compelling impact thesis. Indeed, ANKA aims to give micro entrepreneurs in Africa all the tools to access the potentialities of the global ecommerce market.

“The company has the potential to create a full entrepreneurial ecosystem, around its comprehensive platform. We are very impressed with the growth of ANKA since it launched and are confident in their ability to drive digital and financial inclusion for African entrepreneurs.”

What you should know

The company said it has grown its retail base to include sellers from 47 out of 54 African countries and completed over $35 million in transactions in 174 countries worldwide. More than 80% are women who have grown their revenue by 50% on average since joining the ANKA community.

It added that the online market place which was originally founded for selling and buying African-inspired clothing, accessories, arts and crafts has recorded 250% y-o-y growth since 2016.

Related

Tags: AfrikreaANKAMoulaye Taboure

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Eco Bank
Access Bank
Bankers Committee
First bank


Flowmono

Bfpeer
Mega Millions
FCMB
Ikeja Electrics
Kwakol Markets




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Atiku wins PDP Presidential nomination for 2023 Election
    • MTN Nigeria appoints Mazen Mroue as Non-Executive Director
    • Starlink coming to Nigeria means a kid in Ohafia will have same or faster internet access as a kid in Lagos – Kalu Aja

    Follow us on social media:

    Recent News

    Atiku wins PDP Presidential nomination for 2023 Election

    Atiku wins PDP Presidential nomination for 2023 Election

    May 29, 2022
    MTN Nigeria, Commercial Paper, MTN to still sell stake in its Nigerian subsidiary

    MTN Nigeria appoints Mazen Mroue as Non-Executive Director

    May 28, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Ranking & Reviews
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • General News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com