About Africa Finance Corporation
Africa Finance Corporation is a company based in Lagos (Nigeria) founded in 2007.. Africa Finance Corporation has raised $80 million across 23 funding rounds from investors including Standard Chartered, Deutsche Bank and Standard Bank. Africa Finance Corporation has completed 2 acquisitions, including Aker Energy and Lekela Power.
- Headquarter Lagos, Nigeria
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$80 M (USD)
in 23 rounds
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Latest Funding Round
$75 M (USD), Debt – Conventional
Nov 26, 2025
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Investors
Standard Chartered
& 27 more
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Employee Count
Employee Count
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Investments & Acquisitions
Aker Energy
& 1 more
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Leadership Team
36 people
Software Development Team
9 people
Legal and Compliance
6 people
Finance and Accounting
5 people
Investment Team
5 people
Senior Team
4 people
Product Management Team
3 people
Sales and Marketing
2 people
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Funding Insights of Africa Finance Corporation
Africa Finance Corporation has successfully raised a total of $80M across 23 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $75 million completed in November 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 23
- Last Round Debt – Conventional — $75.0M
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First Round
First Round
(02 Sep 2013)
- Investors Count 28
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2025 | Amount | Debt – Conventional - Africa Finance Corporation | Valuation | BADEA |
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| Jun, 2025 | Amount | Debt – Conventional - Africa Finance Corporation | Valuation |
investors |
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| Dec, 2024 | Amount | Series B - Africa Finance Corporation | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Africa Finance Corporation
Africa Finance Corporation has secured backing from 28 investors, including institutional and venture fund investors. Prominent investors backing the company include Standard Chartered, Deutsche Bank and Standard Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Private equity firm focused on growth equities
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Founded Year | Domain | Location | |
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Economic development investments are financed through specialized solutions by Proparco.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Africa Finance Corporation
Africa Finance Corporation has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Aker Energy and Lekela Power. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Diversified soolutions provider for offshore oil & gas industry
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2018 | ||||
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Solar and wind power is generated independently across Africa.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Africa Finance Corporation
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Africa Finance Corporation Comparisons
Competitors of Africa Finance Corporation
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Africa Finance Corporation
When was Africa Finance Corporation founded?
Africa Finance Corporation was founded in 2007 and raised its 1st funding round 6 years after it was founded.
Where is Africa Finance Corporation located?
Africa Finance Corporation is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of Africa Finance Corporation?
Samaila Zubairu is the current CEO of Africa Finance Corporation.
Is Africa Finance Corporation a funded company?
Africa Finance Corporation is a funded company, having raised a total of $80M across 23 funding rounds to date. The company's 1st funding round was a Series B of $30M, raised on Sep 02, 2013.
What does Africa Finance Corporation do?
Africa Finance Corporation was founded in 2007 and is headquartered in Lagos, Nigeria. Services in investment consulting are delivered within the finance sector, with a focus on African operations and markets. Leadership is held by CEO and President Samaila Zubairu, alongside Executive Director Sameh Shenouda. The companys online presence is maintained through the domain africafc.org, supporting regional financial advisory activities.
How many acquisitions has Africa Finance Corporation made?
Africa Finance Corporation has made 2 acquisitions, including Aker Energy, and Lekela Power.
Who are Africa Finance Corporation's investors?
Africa Finance Corporation has 28 investors. Key investors include Standard Chartered, Deutsche Bank, Standard Bank, Citi, and Industrial Bank of Korea.
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