Ivorian fintech startup Cauridor, which is utilising a hybrid approach to payments that blends digital infrastructure with cash networks, has raised a Series A round of funding that includes a US$2 million investment from French development finance institution Proparco.
Founded in 2022, 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.
The startup enables payments via more than 25,000 agents across Guinea, Senegal, Ivory Coast, Sierra Leone, and Liberia, with its technology facilitating cash pickups, bank transfers, and mobile wallets. Disrupt Africa reported last year on Cauridor’s US$3.5 million seed round, led by Oui Capital, and the startup has now followed that up with its Series A. Though the total size of the round is undisclosed, it includes a US$2 million investment from Proparco, and also features participation from Flourish Ventures and LoftyInc Capital. The investment brings Cauridor’s total funding to date to US$13 million, as the company works toward closing its Series A round by the end of 2026. The funding will support Cauridor in strengthening its operational and technical capacities, notably through the expansion of its engineering, operations, and commercial teams, and will accelerate the company’s geographic expansion into West and Central Africa.Dr Oumar Rafiou Barry, CEO and co-founder of Cauridor, said the support of Proparco marked 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,” 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.