News
Cauridor raises $2 million from Proparco in ongoing Series A
Guinea-founded remittance infrastructure startup Cauridor has taken $2 million from Proparco as part of an ongoing Series A, bringing its total funding to $13 million.
By Propel Africa · 2026-05-11
Cauridor has raised $2 million from Proparco as part of an ongoing Series A, WeeTracker reported on 11 May. Its total funding now stands at $13 million. Flourish Ventures and LoftyInc Capital are named as existing backers.
What Cauridor does
Cauridor builds remittance infrastructure that works as a middleware layer. It connects global money transfer operators, such as Western Union and MoneyGram, to Africa's last-mile networks of mobile money, banks and cash agents. Oumar Barry and Abdoulaye Bah founded the company in Guinea in 2022. The remittance market it targets is valued at $54 billion.
Funding history and plans
Cauridor announced a $3.5 million seed round the previous year. The new money will go to engineering, integrations and expansion across West and Central Africa.
At a glance
- Company: Cauridor
- Raised: $2 million from Proparco
- Round: Series A (ongoing)
- Investors: Proparco, with existing backers Flourish Ventures and LoftyInc Capital
- Founded: 2022, by Oumar Barry and Abdoulaye Bah
- Markets: West and Central Africa
- Key figure: $13 million total funding