Series A funding for Ivorian fintech Cauridor includes $2 M from Proparco

Cauridor, an Ivorian fintech startup that uses a hybrid payment strategy that combines digital infrastructure with cash networks, has raised a Series a funding round that includes a US $2 million investment from Proparco, a French development finance organization.

Cauridor, which was established in 2022, is constructing payment infrastructure for Africa in order to link international senders to last-mile delivery and make cross-border transactions more affordable, quick, and dependable.

By connecting international money transfer companies like Western Union, RIA, Taptap Send, Sendwave, and MoneyGram to payment networks like mobile money operators, banks, and cash agent networks, Cauridor enhances the efficiency of remittance flows into Africa, especially the “last mile” segment.

With its technology enabling cash pickups, bank transfers, and mobile wallets, the startup facilitates payments through over 25,000 agents in Guinea, Senegal, Ivory Coast, Sierra Leone, and Liberia.

Oui Capital led Cauridor’s US $3.5 million seed round, which was covered by the media last year. The startup has since completed its Series A. Although the round’s overall size is unknown, Proparco has contributed US $2 million, and Flourish Ventures and LoftyInc Capital are also involved.

As the business strives to complete its Series A round by the end of 2026, the investment brings Cauridor’s total funding to date to US$13 million. In addition to accelerating the company’s geographic expansion into West and Central Africa, the funding will help Cauridor enhance its operational and technical capabilities, particularly through the growth of its engineering, operations, and commercial teams.

According to Cauridor’s CEO and co-founder, Dr. Oumar Rafiou Barry, Proparco’s support was a major turning point for the company.

“Their backing brings not just capital, but the networks, expertise, and long-term conviction that will be instrumental as we deepen our infrastructure and expand into new markets,” he said.

“Proparco is pleased to support this transaction, which is fully aligned with its mandate to promote financial inclusion, digital transformation and private sector development in emerging economies, and to foster the emergence of scalable digital infrastructure serving underserved populations,” said Djalal Khimdjee, deputy CEO of Proparco.