Angolan mobility startup Anda has raised $3.4 million in seed funding from a group of European venture capital firms to address Africa’s growing two-wheeler financing gap. The funding round, led by investors focused on emerging markets and sustainable mobility, will enable Anda to expand its operations, scale its asset-financing platform, and empower thousands of motorcycle riders across the continent.
Anda’s mission is to make two-wheeler ownership more accessible for delivery riders and small business operators, many of whom struggle to obtain credit from traditional financial institutions. By offering flexible financing and ownership models, the startup helps riders acquire motorcycles for ride-hailing, logistics, and delivery services—key sectors driving Africa’s informal economy.
The company’s technology-driven model combines data analytics, digital payments, and behavioral insights to assess borrower creditworthiness and manage repayments efficiently. This approach allows Anda to extend financing to underserved customers who lack formal credit histories but demonstrate reliability through their work and earnings.
Anda’s expansion is timely, as the demand for motorcycles across Africa continues to surge due to rapid urbanization, youth unemployment, and the rise of delivery platforms. However, limited access to financing remains a significant barrier for many potential riders and small fleet owners. Anda aims to bridge this gap by providing affordable asset-backed loans and leasing options that enable income generation and economic mobility.
The $3.4 million investment will support the startup’s growth in Angola and help it expand into other African markets, including Nigeria and Kenya, where motorcycle-based mobility is booming.
With the backing of European investors, Anda is poised to play a pivotal role in transforming Africa’s mobility finance landscape, driving both financial inclusion and sustainable job creation.
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