Cauridor Raises USD 2 M From Proparco To Fix Africa’s Remittance Rails

Cauridor, a Guinea-founded fintech building remittance infrastructure, has secured a USD 2 M investment from Proparco as part of its ongoing Series A round, bringing total funding to USD 13 M.

Founded in 2022 by Oumar Barry and Abdoulaye Bah, the startup provides a middleware layer connecting global money transfer operators like Western Union and MoneyGram to Africa’s fragmented last-mile networks of mobile money, banks, and cash agents.

Backed by Flourish Ventures and LoftyInc Capital, Cauridor aims to reduce the high cost and inefficiencies of cross-border payments across Africa. The new funding, which follows last year’s USD 3.5 M seed round, will support engineering, integrations, and expansion across West and Central Africa, positioning the company as a key infrastructure player in the continent’s USD 54 B remittance market.