Angolan transport startup ANDA raises $1.2 M funding to expand its “drive-to-own” model

The private credit impact fund BFA Asset Management (BFAAM) has invested US $1.2 million in ANDA, an Angolan startup that has created a novel “drive-to own” model that empowers drivers of two-, three-, and four-wheeled vehicles.

ANDA, a rapidly expanding startup founded in 2022 by Sergio Tati and Joerg Nuehrmann, is professionalizing urban transportation through an integrated mobility and logistics ecosystem. At its “safe stops,” it provides training, support, and asset financing.

The startup received US $1.2 million from BFAAM, Angola’s biggest alternative investment and fixed-income investment firm, via its Kimbo Fund, after raising US $3.4 million in seed money late last year in a round co-led by Breega and Speedinvest.

Through the transaction, ANDA will be able to expedite its expansion plan by modernizing and growing its fleet to accommodate electric vehicles and meet growing demand, as well as by expanding its logistics infrastructure to improve service delivery to businesses and institutions across the country.

“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.”