Ecobank-backed Cameroonian fintech, Koree, closes $200k pre-seed round
- Koree has closed a pre-seed round of $200,000 to grow its merchant base.
- Koree allows customers to save spare cash on their cards and aims to solve the problem of spare change in cash-based economies.
- The fintech has registered over 13,000 users and processed over 50,000 cash-based transactions since its launch in September 2022.
Koree's innovative solution to saving spare change and earning cashback rewards has gained traction, with a growing user base and successful funding rounds. The fintech's expansion plans, supported by winning the Orange Fab Cameroon and Ecobank Fintech challenges, show promising potential for growth in francophone Africa. Establishing a physical office in Douala, Cameroon, can further strengthen Koree's team and work culture.
