Ethiopian Fintech Kifiya Secures IFC Investment For Agricultural Finance

Kifiya, an Ethiopian AI-powered fintech founded in 2010 by Munir Duri, has secured an investment of undisclosed size from the International Finance Corporation (IFC) to expand access to agricultural finance.

The Addis Ababa-based company uses artificial intelligence and more than 10 billion alternative data signals to assess creditworthiness among borrowers without formal credit histories.

Its platform helps financial institutions evaluate risk, extend loans and monitor portfolios, while connecting farmers and small businesses with financial services and commercial opportunities. Kifiya says its infrastructure has supported more than USD 1 B in credit.

The IFC investment will strengthen its agricultural data and risk models and extend financing access to rural communities.