This fintech has a fix for the biggest cross-border payments issues in Francophone Africa
- Cauridor raised $3.5 million in seed funding.
- The platform supports mobile wallets, bank transfers, and cash pickups through over 25,000 agents.
- Cauridor processed 2 million transactions in 2023, with a total payment volume of $300 million.
Cauridor's innovative approach to building payment infrastructure in underserved regions of Africa is commendable, especially given the historical challenges in cross-border transactions. Their focus on customer service and local market understanding positions them well against competitors. However, as they expand, maintaining service quality and adapting to new technologies like blockchain will be crucial for sustained growth.
