Ethiopian fintech Kifiya secures investment from International Finance Corporation to expand agricultural lending and rural finance access.
Round Type
Venture
EthiopiaFinancial ServicesFinanceFintechLendingInvestors
Description
Kifiya, an Ethiopian AI-powered fintech founded in 2010, has secured an undisclosed investment from the International Finance Corporation (IFC) to scale its agricultural lending operations. The company uses alternative data signals and AI models to build risk scores for first-time borrowers and help financial institutions price risk and approve loans. The investment will strengthen Kifiya's agricultural data and risk models and extend its reach into rural communities. The announcement was made at the Africa Financial Summit in Luanda, Angola, building on an existing partnership that has digitally profiled over 1.2 million Ethiopian farmers.
Who to call at Kifiya, and when
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