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Ethiopian fintech Kifiya raised an undisclosed IFC investment to expand agricultural finance, strengthen its data models, and reach rural communities.
Kifiya has secured an investment of undisclosed size from the International Finance Corporation (IFC). The company says the funding will help it expand access to agricultural finance.
Kifiya is an Ethiopian AI-powered fintech founded in 2010. It uses more than 10 billion alternative data signals to build risk scores for first-time borrowers who lack a formal credit history.
Kifiya says its AI models help financial institutions price risk, approve borrowers, set limits, flag fraud and climate risk, and monitor their portfolios. Loans are disbursed and collected digitally through its network of agents and rural cooperatives.
In agriculture, Kifiya creates a single profile for each farmer. It says banks, insurers, input suppliers and buyers can plug into that profile so a farmer can access credit, insurance, inputs, mechanisation, advice and buyers in one place.
Kifiya says its infrastructure has supported more than US$1 billion in credit to date. The IFC investment was announced at the Africa Financial Summit (AFIS) in Luanda, Angola.
Kifiya says the investment will be used to strengthen its agricultural data and risk models and extend its reach into rural communities, connecting smallholder farmers and microenterprises with finance and markets.
“Our purpose is to make Africa’s invisible economy investable,” said Munir Duri, founder and CEO of Kifiya. “Farmers and microenterprises already produce, trade and create value, but much of that activity remains unseen by formal finance.”
The investment builds on an existing partnership between IFC and Kifiya. A project launched in 2025 to digitally profile one million Ethiopian farmers has now reached more than 1.2 million, exceeding its target.
IFC also featured Kifiya as a case study in its 2026 Cracking the Credit Code report. For Kifiya, the new capital signals more support for using alternative data and AI risk scoring to widen access to loans in rural markets where formal credit histories are limited.
Primary Source: Disrupt Africa
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