Get the latest tech news
This fintech has a fix for the biggest cross-border payments issues in Francophone Africa
Cauridor, which lets merchants, banks, and telco operators move funds in and out of Africa through its payment rails, raises $3.5 million.
These agents are part of a popular distribution method in the region — they’re usually small business owners equipped with point-of-sale (POS) devices and enable cash deposits, withdrawals and bill payments. Still, the approach has enabled it to operate remittance corridors to key markets like Ghana and Nigeria, and establish group-level contracts with major players such as Ria, MoneyGram, and Western Union, alongside partnerships with Orange and MTN. Barry told TechCrunch that Cauridor is also preparing for a Series A round and exploring blockchain integration to streamline settlements and tap into the growing adoption of stablecoins in Africa’s cross-border payment space.
Or read this on TechCrunch