Cauridor Banks Series A Funding with $2 Million Investment from Proparco

Ivorian fintech startup Cauridor, which is building hybrid payment solutions that bridge digital infrastructure with cash networks, has successfully closed a Series A funding round. The round includes a significant $2 million investment from French development finance institution Proparco.

Founded in 2022, Cauridor aims to make cross-border transactions more affordable, efficient, and reliable across Africa by connecting global payment senders with last-mile delivery networks. Their technology integrates various actors within the payments ecosystem—including international money transfer operators like Western Union, RIA, Taptap Send, Sendwave, and MoneyGram—with local payment channels such as mobile money platforms, banks, and agent networks.

Cauridor currently facilitates payments through over 25,000 agents in Guinea, Senegal, Ivory Coast, Sierra Leone, and Liberia. Their platform enables multiple payment methods including cash pickups, bank transfers, and mobile wallet transactions.

The Series A funding follows a $3.5 million seed round led by Oui Capital last year. Additional investors in this round include Flourish Ventures and LoftyInc Capital. With the latest investment, Cauridor has raised a total of $13 million to date, with plans to finalize its Series A by late 2026.

The new capital will be used to strengthen operational and technical capabilities, expand teams across engineering, operations, and sales, and accelerate geographic expansion into West and Central Africa.

“The support from Proparco represents a major milestone for Cauridor,” said Dr. Oumar Rafiou Barry, CEO and co-founder. “Their investment brings not only capital but also valuable networks, expertise, and long-term commitment as we scale our infrastructure and enter new markets.”

Djalal Khimdjee, deputy CEO of Proparco added, “This transaction aligns perfectly with our mission to promote financial inclusion, digital transformation, and private sector development in emerging economies while supporting scalable digital solutions for underserved populations.”