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Since 2014, International Finance Corporation has backed 24 African startups across 26 disclosed funding rounds totaling $976.3M, most heavily in Nigeria and Fintech.
International Finance Corporation (IFC) is an international financial institution and the private sector arm of the World Bank Group. It is a global development finance institution focused exclusively on the private sector in developing countries. IFC is headquartered at 2121 Pennsylvania Avenue NW in Washington, DC, United States. IFC invests in private companies and financial institutions across emerging markets, providing debt and equity financing, advisory services, and asset management to support private sector development and reduce poverty. Its activity in Africa includes backing technology enabled financial services, e commerce and retail platforms, insurance and insurtech, communication and mobile engagement tools, services marketplaces, and talent solutions, at stages ranging from seed to Series C. The portfolio provided shows commitments across Nigeria, South Africa, Egypt, Kenya, and Côte d'Ivoire, reflecting a strong focus on African fintech, insurtech, and digital commerce. As a member of the World Bank Group, IFC works in more than 100 countries, using its capital, expertise, and influence to create markets and opportunities in developing countries. It frequently co invests with other development finance institutions and strategic partners, helping mobilize additional private capital into impactful African businesses and supporting job creation and access to essential services.
Data updated · Aug 5, 2026
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International Finance Corporation has backed 24 African startups across 26 disclosed funding rounds tracked on Liners, totaling $976.3M since 2014.
Mostly Series A: 8 of its 26 tracked rounds are at that stage, followed by Series B (6).
International Finance Corporation's tracked rounds are concentrated in Nigeria (10), Kenya (7), South Africa (5), and 6 more countries.
Its tracked rounds lean toward Fintech (13), E-commerce & Retail (6), Insurtech (4), and 8 more sectors.
International Finance Corporation most often shares rounds with German Investment Corporation (3 shared deals), Visa (2 shared deals), Development Partners International (2 shared deals).
International Finance Corporation is an international financial institution and the private sector arm of the World Bank Group. It focuses on promoting economic development in developing countries by investing in private companies and financial institutions and providing advisory and asset management services.
Based on the investment data provided, International Finance Corporation has backed companies in Nigeria, South Africa, Egypt, Kenya, and Côte d'Ivoire. Examples include Moniepoint, TradeDepot, Branch, Hygeia HMO, Andela, and MIC Global in Nigeria, Naked Insurance and Lula in South Africa, Halan, MaxAB, and NeQabty in Egypt, Africa's Talking and MIC Global in Kenya, and ANKA in Côte d'Ivoire.