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Guinea-Based Fintech Cauridor Raises USD 3.5 M Seed Round
Guinea-Based Fintech Cauridor Raises USD 3.5 M Seed Round

Guinea-based fintech startup Cauridor has raised USD 3.5 M in seed funding to enhance its cross-border payment infrastructure and address inefficiencies in Francophone Africa. The round was led by Pan-African VC firm Oui Capital, with participation from Rally Cap, BKR Capital, and angel investors.

Cauridor operates a network of over 25,000 agents across Guinea, Senegal, Ivory Coast, Sierra Leone, and Liberia, facilitating mobile wallet transactions, bank transfers, and cash pickups for merchants, banks, telecom operators, and money transfer firms.

Founded by Guinean entrepreneurs Oumar Rafiou Barry and Abdoulaye Bah, Cauridor evolved from BNB CashApp, a Canada-to-Africa remittance platform launched in 2019. In 2022, the company pivoted to building payment rails for the region, combining cash-based networks with digital infrastructure.

This shift has fueled growth, with transaction volume rising from USD 300 M in 2023 to USD 500 M in 2024. Over 90% of its revenue now comes from payment infrastructure, and strategic partnerships with MoneyGram, Western Union, Orange, and MTN have strengthened its market position.

Cauridor’s competitive edge lies in its focus on underserved markets like Guinea and Liberia, hands-on customer support, and strong forex margins that attract key clients. The new funding will support expansion into Mali and Nigeria, talent acquisition, and marketing efforts, while the company also explores blockchain solutions for settlements. With a Series A round on the horizon, Cauridor is positioning itself as a leading player in Africa’s cross-border payments landscape.