Payments Company CinetPay Secures USD 2.4 Mn Seed Round

CinetPay, a digital finance platform that enables merchants in Francophone Africa to seamlessly accept and make payments, has announced a USD 2.4 Mn seed fundraising round from 4DX Ventures and Flutterwave. The investment will help to boost CinetPay’s sales and marketing efforts across nine markets in West and Central Africa.

CinetPay is a payments processing company in Francophone Africa that helps merchants seamlessly accept and make payments. Designed to aggregate over 130 different payment operators, CinetPay has processed over 30 million transactions in Cote d’Ivoire, Senegal, Cameroon, Mali, Togo, Burkina Faso, Benin, Guinea, and the Democratic Republic of Congo since its launch in 2016.