Finance

Ivorian online fashion platform Afrikrea raises $6.2mln expansion fund

Ivorian online fashion platform Afrikrea raises $6.2mln expansion fund
Tuesday, 11 January 2022 18:05

The Ivorian platform Afrikrea, which markets the creations of African fashion artists online, announced it has successfully raised $6.2 million from a group of foreign investors to strengthen its activity. As part of its development strategy, Afrikrea also announced it is changing its name to Anka.

“Afrikrea will officially become Anka. The name is changing but we are staying the same. We will have new challenges and a brighter vision with the same goal: to bridge the gap between Africa and the world, but on a larger scale," the company said on its LinkedIn page.

The new operation brings to $8.1 million the total amount raised to date by the startup. Chinese billionaire Jack Ma, founder of Alibaba, and the French VC focused on Africa, Investisseurs & Partenaires (I&P), backed Afrikrea’s latest fundraising.

As a reminder, the Ivorian startup secured $1 million in February 2020 to support its business and improve its working team. According to data published on its website, the platform claims transactions of more than €15 million across 170 countries and more than 2,300 new products added each week.

Chamberline Moko

On the same topic
BOAD plans 750 billion CFA francs financing for Burkina Faso Funds to support key sectors and Relance 2026-2030 program Bank’s cumulative financing in...
Burkina Faso has created Yennenga Holding to centralize state stakes in banks and a reinsurer. The new entity will manage holdings in BCB, BADF,...
Chinaplans to remove tariffs on imports from African countries starting May 1, 2026. Analysts say more industrialized African economies could...
CEMAC prices fall 0.4% in Q4 2025, ending five-year rise Inflation stood at 2.8%, below region’s 3% threshold Sharpest price declines recorded in...
Most Read
01

Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...

Ethiopia’s State-Owned Telco Teams Up With Ericsson to Expand and Upgrade Its Network
02

EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...

EIB Commits €1 Billion to Renewable Energy Under Africa’s “Mission 300” Initiative
03

MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...

Satellite direct-to-device telecoms: promise, momentum and hard limits
04

Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...

Airtel Africa and Deloitte: A Seven-Year Relationship, $37 Million in Fees and a Planned Handover
05

Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presump...

Nigeria Rolls Out 1% Tax on Informal Businesses Under New Fiscal Framework
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.