Ivorian Fintech Startup Cauridor Lands $2 Million Investment From Proparco

Proparco has invested $2 million in Cauridor, a fintech startup focused on cross-border payment infrastructure across Africa. The investment, announced at the Africa Forward summit held on May 11–12 in Nairobi, brings Cauridor’s total funding to $13 million since its launch in 2022 by Guinean entrepreneurs Oumar Barry and Abdoulaye Bah.

The company plans to close its Series A round by the end of 2026, with expected participation from Flourish Ventures and LoftyInc Capital.

Expanding Payment Infrastructure Across Regions

Cauridor said the new funding will support its technical, operational and commercial teams while accelerating expansion across West and Central Africa. Its platform focuses on improving how money moves across borders, particularly in markets where payment systems remain fragmented.

The company connects international money transfer operators such as Western Union, RIA, Taptap Send, Sendwave and MoneyGram with local payment channels, including mobile money platforms, banks and agent networks. This approach is aimed at improving the flow of remittances into Africa, especially at the final stage where funds are received and accessed.

African Startup Funding Slows

The investment follows a slowdown in startup funding across Africa. According to Africa: The Big Deal, startups raised $174 million in January 2026, down from $276 million during the same period a year earlier. The figure also fell below the monthly average recorded over the previous 12 months.

Fewer deals are being completed as investors become more selective, with greater focus on business fundamentals and clearer paths to growth. Despite this, fintech continues to attract a significant share of funding, supported by rising digital payments adoption and expanding mobile financial services.