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French development finance institution Proparco has announced an undisclosed investment in Luanda-based mobility and fintech startup Anda Angola to help expand access to affordable transport across the country.
The financing will support the company’s drive-to-own vehicle financing programme while accelerating the rollout of its electric vehicle fleet and battery-swapping network, with the aim of bringing more informal transport operators into the formal economy.
According to Proparco, the investment is designed to address a major financing gap in Angola’s transport sector, where many moto-taxi operators remain excluded from formal financial services despite depending on their vehicles for a living. By enabling drivers to access vehicles through flexible ownership models, Anda is seeking to improve livelihoods while promoting cleaner and more sustainable urban mobility.
“At Proparco, we are committed to supporting African entrepreneurs who deliver innovative solutions to development challenges. Anda’s model goes beyond mobility: it helps formalize economic activity, expand access to finance and create better livelihoods for transport operators, while accelerating the transition to cleaner urban transport,” said Johann Choux, Regional Director for Southern Africa and Indian Ocean at Proparco.
He added, “This investment illustrates our ambition to support high-impact technology companies that contribute to more inclusive and sustainable cities across Africa.”
Founded in 2022 by Sérgio Tati and Joerg Nuehrmann, Anda operates as a mobility and fintech platform, providing motorcycles, tuk-tuks and cars through drive-to-own and subscription models. The company also offers driver training through Anda Academy, insurance coverage and access to digital financial services, helping drivers establish a formal financial identity. The startup currently operates around 2,000 vehicles in Luanda.
The latest funding will be used to expand vehicle financing for transport operators in Luanda while speeding up the deployment of Anda’s electric fleet and supporting infrastructure, including battery-swapping stations. The company believes this approach will lower operating costs for drivers, reduce emissions and make urban transport more affordable for commuters.
Sérgio Tati, co-founder & CEO at Anda, said, “We are tackling two challenges at once: the lack of access to affordable asset financing and the absence of formal digital systems for mobility. When drivers own their motorcycles, they can build sustainable livelihoods, and safety and service standards rise across the whole market.”
Proparco said the investment aligns with its broader mission of supporting sustainable infrastructure, climate-friendly transport solutions and financial inclusion across Africa. By formalising informal transport operators, the initiative is expected to improve access to credit, insurance and other financial products for thousands of drivers who have traditionally operated outside the formal economy.
Angola’s moto-taxi sector employs an estimated 1.2 million drivers, including roughly 600,000 in Luanda. However, many lack bank accounts, credit histories and insurance, making it difficult to secure financing for the vehicles they rely on for work. Anda’s model seeks to bridge that gap by combining vehicle access with financial services and skills development, creating a pathway toward long-term economic inclusion.
For Proparco, the partnership reflects its continued focus on backing businesses that deliver both commercial growth and measurable development impact. By expanding affordable mobility while supporting the transition to electric transport, the investment aims to contribute to cleaner cities, greater financial inclusion and more resilient urban transport systems in Angola.
