French development finance institution Proparco has invested $2 million in Guinea-founded fintech Cauridor as part of a broader Series A funding round aimed at scaling cross-border payment infrastructure across Africa.
The investment, announced during the Africa Forward Summit in Nairobi, brings Cauridor’s total funding to about $13 million and includes participation from investors Flourish Ventures and LoftyInc Capital.
Founded in 2022, Cauridor builds payment infrastructure that connects international money transfer operators such as Western Union, MoneyGram, RIA, Taptap Send and Sendwave to African last-mile payout networks, including mobile money operators, banks and cash agents.
The company focuses on improving the efficiency of remittance flows into Africa by addressing bottlenecks in last-mile distribution, a segment that has historically contributed to high transaction costs and delays.
Remittances are a key source of foreign inflows for many African economies, often supporting household consumption and financial stability.
Proparco said the investment aligns with its mandate to promote financial inclusion and digital infrastructure development in emerging markets. The funding is part of the EU-backed Choose Africa VC programme.
Cauridor said the capital will be used to expand its engineering, operations and commercial teams, and to accelerate its expansion across West and Central Africa as it works toward closing its Series A round by the end of 2026.