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Cauri Money logo — Banking for expats of emerging countries

Cauri Money

Banking for expats of emerging countries

Founded 2021 Senegal Senegal 7 employees Non Equity Assistance Total: $650.00K Financial Services, Fintech +1

General Information

Company Name Cauri Money
Founded Year 2021
Location Senegal Senegal +1
Employees 7
Industries Financial Services, Fintech, Banking
Funding Stage Non Equity Assistance
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About Cauri Money

Cauri Money is a Senegal-based startup, founded in 2019, that aims to provide "Banking for expats of emerging countries." The company's mission revolves around creating financial solutions to bridge the gap between Africa and its diasporas, with a focus on maximizing the ROA (Return for mother Africa) of African expatriates. Their approach reflects the recognition of the colossal challenges in Africa and the potential contribution of the diaspora in areas like public savings, financing, and social safety nets. With a vision to offer an alternative way of transferring and capturing value for "Mother Africa," Cauri Money stands at the forefront of the Financial Services and Fintech industries. Notably, the startup received a $100.00K Non Equity Assistance investment on 17 May 2022, with Google for Startups being the investor. This recent investment underscores the confidence and support Cauri Money has garnered from a prominent player in the tech industry. Cauri Money's commitment to addressing the unique development challenges of Africa, coupled with its innovative approach to financial services, positions it as a compelling investment opportunity. As the company continues to expand its reach and impact, it presents an intriguing prospect for venture capitalists seeking to invest in impactful and innovative ventures within the fintech and banking sectors.

Taxonomy: Banking for expats, Emerging countries, Diaspora engagement, African diaspora, Financial intermediation, ROA (Return on Assets), Sustainable development, Financial inclusion, Value transfer, Diaspora remittances, Social safety net, Innovative finance, African entrepreneurship, Cross-border finance

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Non Equity Assistance •••••• 1 •••• •••• 17 May 2022
Pre Seed Round •••••• 5
Investor Investor
•••• •••• 		31 Mar 2022
Pre Seed Round •••••• 1
Investor
21 Nov 2021

Latest News

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Ecobank Fintech Challenge shortlists Paycode among six digital payment startups — Biometricupdate.com
Ecobank Fintech Challenge shortlists Paycode among six digital payment startups
Biometricupdate.com Oct 21, 2022

Cauri Money Alternatives & Competitors

Cauri Money vs
MONI
MONI France

Soyez fiers d'être là pour eux 💪

Series A
113 employees
Fintech
Cauri Money vs
Bank Al Karam
Bank Al Karam Morocco

Nouvelle identité, Nouvelle ère !

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Cauri Money vs
Gozem - Africa's Super App
Gozem - Africa's Super App Singapore

Gozem is Africa's #1 Super App — providing on-demand transportation, delivery, and financial service...

Series B
559 employees
Internet, Payments

FAQ About Cauri Money

Banking for expats of emerging countries
Cauri Money was founded in 2021.
Cauri Money is headquartered in Senegal.
Cauri Money operates in the following industries: Financial Services, Fintech, Banking.
Cauri Money has approximately 7 employees.
Cauri Money has completed 3 funding rounds, raising a total of $650.00K. The latest funding stage is Non Equity Assistance.
Top alternatives and competitors to Cauri Money include MONI, Bank Al Karam, Gozem - Africa's Super App, Eckler Ltd. / Eckler ltée, SPEAR. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Cauri Money and MONI are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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