The funding round was led by Oui Capital, with participation from Rally Cap, BKR Capital, and several angel investors.

Cauridor operates a hybrid payment system that integrates digital solutions with cash-based networks, enabling seamless financial transactions across multiple West African countries.

The company facilitates payments through a network of over 25,000 agents spanning Guinea, Senegal, Ivory Coast, Sierra Leone, and Liberia.

Its technology supports various payment methods, including cash pickups, bank transfers, and mobile wallets.

According to co-founder Oumar Rafiou Barry, the lack of robust payment infrastructure in Francophone Africa prompted the company to build its payment rails to address fragmentation in the region’s financial ecosystem.

This strategy has significantly contributed to Cauridor’s revenue, with its payment rails division now accounting for more than 90% of its earnings.

In 2024, the company reported a total payment volume (TPV) of $500 million.

The newly secured funding will drive Cauridor’s expansion into additional markets, including Mali and Nigeria.

Additionally, the company is preparing for a Series A funding round and is exploring blockchain integration to optimize settlements and leverage the rising adoption of stablecoins in cross-border payments.

Barry emphasized that these developments will enhance operational efficiency and position Cauridor as a key player in Africa’s evolving fintech landscape.