Angolan startup ANDA, which has developed an innovative “drive-to own” model that empowers drivers of two-, three- and four-wheeled vehicles, has secured US$1.2 million in funding from private credit impact fund BFA Asset Management (BFAAM).
Founded in 2022 by Sergio Tati and Joerg Nuehrmann, ANDA is a fast-growing startup that is professionalising urban transport through an integrated mobility and logistics ecosystem. It offers asset financing, training, and assistance at its “safe stops”.
The startup raised US$3.4 million in seed funding late last year, in a round co-led by Breega and Speedinvest, and has now followed that up with a US$1.2 million investment from BFAAM, Angola’s largest alternative investment and fixed-income investment company, via its Kimbo Fund.
The transaction will enable ANDA to accelerate its expansion plan, by expanding and modernising its fleet to meet growing demand and to accommodate electric vehicles, and scaling up logistics infrastructure to enhance service delivery to businesses and institutions nationwide.
“We are excited about our strategic partnership with BFA Asset Management, a key milestone in the expansion of our mobility and fintech offering. The investment from the Kimbo Fund will drive the growth of our multi-asset fleet and the development of cutting-edge technology, as we use artificial intelligence to better serve our customers at scale,” said Tati.
“This investment reflects our commitment to supporting key growth sectors of the economy, such as transport and logistics,” said Rui Oliveira, CEO of BFAAM. “ANDA has demonstrated resilience, operational discipline and a clear growth trajectory. The Kimbo Fund invests where the data shows intrinsic value and scalable potential – particularly in segments where traditional financing remains structurally limited. This transaction is a strong example of that thesis in action.”