Proparco has announced a US$2 million investment in Cauridor, a fintech company specialising in cross-border payment infrastructure.
The investment, made on the occasion of the Africa Forward Summit, forms part of Cauridor’s Series A funding round alongside Flourish Ventures and LoftyInc Capital. This brings Cauridor’s total funding to date to US$13 million.
Cauridor, founded in 2022 by Guinean entrepreneurs Oumar Barry and Abdoulaye Bah, is building modern payment infrastructure that makes cross-border transactions cheaper, faster, and more reliable across Africa.
Cauridor’s Business Model
The company connects major global money transfer operators such as Western Union, RIA, Taptap Send, Sendwave, and MoneyGram with local payment networks, including mobile money operators, banks, and cash agents.
Its primary focus is improving the critical “last mile” delivery segment, ensuring funds reach recipients efficiently and securely.
This investment will support Cauridor’s expansion across West and Central Africa and strengthen its operational and technical capabilities through team growth in engineering, operations, and commercial functions.
Leadership Perspectives
Proparco is pleased to support this transaction, which is fully aligned with its mandate to promote financial inclusion, digital transformation and private sector development in emerging economies and to encourage the emergence of scalable digital infrastructure serving underserved populations
Djalal Khimdjee, Deputy CEO of Proparco
READ ALSO:Reduced Cross-Border Transaction Costs with Cauridor’s Latest Seed Funding Round
The support of Proparco marks a significant milestone for Cauridor. Their backing brings not just capital, but the networks, expertise, and long-term conviction that will be instrumental as we deepen our infrastructure and expand into new marketS
Dr Oumar Rafiou Barry, CEO and Co-Founder of Cauridor
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Strategic Significance
The investment is made under the EU-backed Choose Africa VC programme, with support from the European Union and the European Fund for Sustainable Development Plus (EFSD+).
It contributes to the EU’s Global Gateway strategy and the Team Europe Initiative IYBA (Investing in Young Businesses in Africa).
This partnership underscores growing international support for innovative African fintech companies working to enhance remittance efficiency, reduce costs, and advance financial inclusion across the continent.
Looking Ahead
Proparco’s US$2 million investment in Cauridor strengthens the company’s ability to expand its cross-border payment infrastructure across West and Central Africa.
By connecting global money transfer operators with local networks, Cauridor is addressing one of the most critical bottlenecks in Africa’s remittance and payment ecosystem.
Cross-border payment overview
PAPSS African Currency Marketplace: Pan-African Payment and Settlement System (PAPSS) is developing an African Currency Marketplace that enables businesses and financial institutions to settle cross-border transactions directly in local African currencies without routing through USD or EUR.
Pan African Payment and Settlement System Ripple: PAPSS and Ripple have explored interoperability discussions around faster cross-border payments, though PAPSS primarily operates as an Afreximbank-backed African settlement infrastructure rather than a Ripple-owned network.
PAPSS sign up: Businesses and individuals generally access PAPSS through participating banks, fintechs and payment service providers rather than direct consumer registration.
PAPSS payment system: PAPSS is a centralised African cross-border payment and settlement platform launched by African Export-Import Bank (Afreximbank) and the African Union to support intra-African trade under AfCFTA.
PAPSS Participants: Participants include African central banks, commercial banks, fintechs, switches and payment processors across multiple African countries integrated into the PAPSS network.
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