When was AAFC founded?

AAFC was founded in 2017 and raised its 1st funding round 3 years after it was founded.

Where is AAFC located?

AAFC is headquartered in Addis Ababa, Ethiopia. It is registered at New York, New York.

How many employees does AAFC have?

As of Mar 31, 2026, the latest employee count at AAFC is 8.

Is AAFC a funded company?

AAFC is a funded company, having raised a total of $***** in its 1st and only funding round, a Series B round on Apr 22, 2020.

When was the latest funding round of AAFC?

AAFC's latest funding was a $***** Series B round on Apr 22, 2020, with participation from 0 investor.

Where does AAFC rank among its competitors?

AAFC ranks 2nd amongst 3 active competitors, only 1 of which is funded. AAFC, which secured $30M in Apr, 2020.

AAFC - 2026 Company Profile, Funding & Competitors

AAFC is a series B company based in Addis Ababa (Ethiopia), founded in 2017. It operates as a Provider of equipment leasing and asset-backed loans. AAFC has raised $30M in funding. The company has 3 active competitors, including 1 funded and 1 that has exited. Its top competitors are GE Capital and Ethio Lease.

Company Details

Website: www.aafc.com/
Phone Number: +251 **********
Registered Address: New York, New York

Key Metrics

Founded Year

2017

Location

Addis Ababa, Ethiopia

Stage

Series B

Total Funding

$30M in 1 round

Latest Funding Round

Series B, Apr 22, 2020, $*****

Ranked

2^nd among 3 active competitors

Employee Count

8 as on Mar 31, 2026

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View AAFC's full profile

AAFC is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
AFRICAN ASSET FINANCE COMPANY CIN: 833175639 , United States, Active		-	6 (As on Dec 31, 2024)	-

AAFC has raised a total funding of $30M over 1 round.

Here is the list of recent funding rounds of AAFC:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 22, 2020	1288485	Series B	5764192	7635524	9238609	2612274

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View details of AAFC's funding rounds and investors

AAFC's employee count trend

AAFC has 8 employees as of Mar 26. Here is AAFC's employee count trend over the years:

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Top competitors of AAFC include GE Capital and Ethio Lease. Here is the list of Top 10 competitors of AAFC, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	GE Capital 1932, Norwalk (United States), Public	Provides commercial aircraft leasing and lending services	-	Forum Capital Advisors, OSTI	66/100
2nd	AAFC 2017, Addis Ababa (Ethiopia), Series B	Provider of equipment leasing and asset-backed loans	$30M	-	29/100
3rd	Ethio Lease 2018, Addis Ababa (Ethiopia), Unfunded	Provider of asset backed lending and divesified equipment leasing services	-	-	21/100