Cauridor, an Ivorian fintech building cross-border payment rails in Francophone Africa, has raised $3.5 million in seed funding.
The round was led by Oui Capital, with backing from Rally Cap, BKR Capital, and angel investors.
Why it matters
Payments across Africa remain fragmented, with businesses and individuals facing high fees and delays.
Cauridor aims to fix this by providing seamless transactions between mobile wallets, bank transfers, and cash pickups.
How it works
- Provides payment rails for merchants, banks, telecoms, and money transfer companies.
- Supports transactions across Guinea, Senegal, Ivory Coast, Sierra Leone, and Liberia.
- Operates a network of 25,000 agents for cash pickups.
By the numbers
- Pivoted in 2022 from a consumer remittance platform to a B2B payments provider.
- $500M+ total payment volume (TPV) by 2024.
- Partners include Ria, MoneyGram, and Western Union.
What’s next
Cauridor plans to:
- Expand into Mali and Nigeria.
- Upgrade its payments infrastructure.
- Explore blockchain integration for faster settlements.
Source: Dabafinance
Source:
techlabari.com
Source link
