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

Ivorian fintech startup Cauridor has announced a successful Series A funding round that includes a significant $2 million investment from French development finance institution Proparco. The company, founded in 2022, is focused on building payment infrastructure for Africa by connecting global senders to last-mile delivery networks.

Cauridor’s hybrid approach blends digital technology with existing cash networks, enabling cheaper, faster, and more reliable cross-border transactions. By integrating various actors in the payments ecosystem—including international money transfer operators like Western Union, RIA, Taptap Send, Sendwave, and MoneyGram—with local payment networks (mobile money operators, banks, and agent networks), Cauridor improves remittance flows into Africa.

The startup currently operates through a network of over 25,000 agents across Guinea, Senegal, Ivory Coast, Sierra Leone, and Liberia, facilitating cash pickups, bank transfers, and mobile wallet payments. This Series A follows Cauridor’s $3.5 million seed round led by Oui Capital in 2023.

The current funding includes participation from Flourish Ventures and LoftyInc Capital, bringing Cauridor’s total raised to date to $13 million as it works toward closing its Series A by the end of 2026. The investment will support operational and technical improvements, expand teams (engineering, operations, commercial), and accelerate geographic expansion into West and Central Africa.

“The support from Proparco marks a significant milestone for Cauridor,” said CEO and co-founder Dr Oumar Rafiou Barry. “Their backing brings not just capital but also the expertise and long-term conviction that will be essential as we deepen our infrastructure and enter new markets.”

Djalal Khimdjee, deputy CEO of Proparco, added that this investment aligns with their mandate to promote financial inclusion, digital transformation, and private sector development in emerging economies.