Cauridor of ivorian fintech startup, which uses a hybrid approach to payments that mixes digital infrastructure with cash networks, has collected seed financing of $ 3.5 million to increase its growth, strengthen its payment rails and go to new markets.
Cauridor Allows payments via more than 25,000 agents across Guinea, Senegal, Côte d’Ivoire, Sierra Leone and Liberia, its technology facilitating microphones, banking transfers and mobile wallets.
“We realized very early that the rails in French -speaking Africa were almost nonexistent. We therefore had to enter and start building payment rails in the region since the payments were fragmented there, “said Oumar Rafiou Barry, co-founder of Cauridor.
The company’s payment rail division now generates more than 90% of its income, Cauridor reaching a total volume of total payment of $ 500 million (TPV) in 2024. Now, to increase its growth, strengthen its rails of Payment and entering new markets, it has collected $ 3.5 million in seed financing in a round -run round, and with a CAP of Rally, BKR Capital and various providential investors.
Funding will speed up the expansion of Cauridor on markets such as Mali and Nigeria.
“We are preparing for a series A and explore the integration of blockchain to rationalize the colonies and exploit the growing adoption of stablescoins in the cross -border payment space of Africa,” said Barry.