EFAfrica Group
OperatingEFAfrica Group (EFAG) is a growing East African equipment leasing business, focused on the SME sector, including agriculture.
- Equipment Loaning
- Ebene, Mauritius
- Venture
- Founded 2016
- efta.co.tz ↗
- Total raised
- $12M
- disclosed
- Last round
- $12M
- Venture
- Rounds
- 1
- since 2016
- Investors
- 3
- on record
About EFAfrica Group
EFAfrica Group (EFAG) is a purpose-driven business which aims to become the leading equipment leasing provider for SMEs in Africa, driving job creation and poverty alleviation. Through connecting committed investors, people, original equipment manufacturers and their distributors along with the use of a standardised technology-based appraisal and monitoring methodology and supported by committed investors, EFAG is able to deliver affordable equipment financing to SME businesses in a financially sustainable way.
EFAfrica Group funding1 round
EFAfrica Group has raised $12M across 1 disclosed round. The latest is a $12M Venture announced 01 Sep 2020.
Who has invested in EFAfrica Group
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 01 Sep 2020 | EFAfrica Group Venture | KfW +2 | $12M |
EFAfrica Group founders & team
- Michiel TimmermanCo-founder & Chairman
EFAfrica Group competitorssame sector · similar funding
- MyCreditNairobi, Kenya
Frequently asked about EFAfrica Group
- Where is EFAfrica Group based and when was it founded?
- EFAfrica Group is headquartered in Ebene, Mauritius and was founded in 2016.
- Who founded EFAfrica Group?
- EFAfrica Group was founded by Michiel Timmerman (Co-founder & Chairman).
- How much funding has EFAfrica Group raised?
- EFAfrica Group has raised $12M across 1 disclosed round. Its latest, a $12M Venture, was announced on Sep 01, 2020.
- Who has invested in EFAfrica Group?
- Backers include KfW, Small Foundation and Mennonite Economic Development Association.
- What sector is EFAfrica Group in?
- EFAfrica Group operates in Equipment Loaning and Leasing.
