Proparco invests $2m in Cauridor
Cauridor is building payment infrastructure for Africa to make cross-border transactions cheaper, faster, and more reliable.
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Proparco, the French development finance institution, has announced an investment of $2 million in Cauridor, a fintech company specialised in cross-border payment infrastructure. This transaction forms part of Cauridor’s Series A funding round, with further participation from Flourish Ventures and LoftyInc Capital.
Founded in 2022 by Guinean entrepreneurs Oumar Barry and Abdoulaye Bah, Cauridor is building payment infrastructure for Africa to make cross-border transactions cheaper, faster, and more reliable by connecting global senders to last-mile delivery.
By facilitating integration between the various actors in the payments ecosystem, Cauridor improves the efficiency of remittance flows into Africa, particularly the “last mile” segment, by connecting international money transfer operators such as Western Union, RIA, Taptap Send, Sendwave and MoneyGram to payment networks, including mobile money operators, banks, and cash agent networks.
This investment brings Cauridor’s total funding to date to $13 million, as the company works toward closing its Series A round by the end of 2026.
“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.
Oumar Rafiou Barry, CEO and co-founder of Cauridor, commented: “The support of Proparco marks a significant milestone for Cauridor. 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.”
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