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Until a few years ago, to be different to make the payments through borders almost anywhere in the world. But it’s also a big problem in Africa, because independently, little discomfort, darling, and poor infrastructuring and preferred no money.
The majority of people and businesses are always affected in unfair agent or grapple with the mobile wallet intege. But there is a tangible deniance for the cheapest alternatives and easiest, particularly in clumsy region as a deficion AFT
Uuvorian Pentech CAURIDOR If you disappear to solve that, and has raised of the funding to continue their payment wagons that leave the telecom or transfer money in and out of Africa.
Caurie is saying his platforms furniture, bank transfers in a network of more than 25,000 agents in the Costaire, Sierra Leone and Liberia. These agents are part of a popular distribution method – are usually the property options of the backup (pos) and allow cash deposits and
Caurie is adopt a hybrid approach to solve the money transfer problem – same way other finest in the region Combine cash network with digital infrastructure for local payment needs. Sten, the approach to operate the rubbing corridors to Ghana and set keywords for the group, and set the partnerships with orange and mtn.
By rewarding b2b payments
Caurid’s founders OUMAR RAFIOU BARRY and it Abdupaye bah experienced the first hand the challenges of sending money at home to guinea when studying in Canada. I am not doing in slow memories operations in the Africa artifone, the long-lengthy length region by the global remakency industry.
In 2019, this frustration brought to start bnb cashapp, a ship of the consumer focus on Canada to send money to Africa. The integrated apps directly with the banks, mobile bords such as mtn, and a agent network equipped with a mobile portal to facilitate money.
But as the platform has grown, the founders that you encounter a larger challenge: fragmented african and ineffective of Africa. “We’ve understood the Rails in the Rails in the Africa were almost existing. So we had to build up in the region by payments there have been fragments there have been fragments to the tender.
Sensing an opportunity, the team has huge in 2022 to build payment rails for the region. By the 2023, the company dashed his / her payment of payment of the B2B payment B2B below the Chaural Brand, Either tanzania brand R2 we Operational model.
Change paid: Besides 90% of the company’s performance now comes from their payment of the reach. In the 2023, CAurid Processing 2 million transactions and regrogate total payment (TPV) of $ 300 million, which has grown to $ 500 million 20004, the company said.
Competition and future plans
While Barry’s bar are more prominent players as Onafriq and it My As the main competition of Cauriebris, says relevant relevant to build payment races builds in the markets “no one was watching”, as Guinea and Liberia.
Noticed that customer’s hands and prices also helped to retain customers. The fiction provides the customer service to solve common problems as rejected money transactions for incomplete kyc. For example, if a recipient may only receive $ 10 from a $ 700 payment to help update their account and make sure the transaction.
Barry thinks the loud local presence of the corridor gives an edge safely the better forex margins, which goes to their customers. He said this advantage has helped the company the main clients as money, which passed by the competitors for better rates and the improved customer support.
Interesting, the competition in the crucial payment space does not exclude collaboration. Some people’s concorators affirms on their infrastructure in specified regions, as soon as partners with the companies as my global beams.
Caurid employs about 200 people globally and has offices in Ivory, Reineg, Guinea, Sierra Leone, and Liberia.
The seed was guided by the firm African Pan-Africa Yes capitaland has involved in capital of cap, capital Bkr, and some angel investor.
With the cool, the company plans to expand in black markets and has the year’s offices as well as marketing efforts and marketing marketing. Barry told Techcrough that Cauridor is also prepared for a round and explore a blockchain integration to the stick in the autumn payment space.
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