Cameroonian fintech Diool raises 3.5 million USD

The Cameroonian fintech start-up Diool continues its development and attracts new investors in this fundraising of 3.5 million USD intended to finance its operations. The funding brings its overall secure investment to 4.6 million USD.

Founded by Serge and Phillipe Boupda, Diool specializes in the aggregation of financial services. The startup, launched in 2015, began operations as a mobile top-up project providing small retailers with a way to sell prepaid top-ups from a single app to their customers.

Through its platform, Diool offers small merchants the means to accept payments from their customers and to reimburse their suppliers more easily, using numerous payment methods. The startup claims to have processed more than $ 120 million and is operating in a regulatory partnership with the French multinational investment bank and financial services company Societe Generale.

“We do Cameroon and payments first. We also spent some time rebuilding the architecture and business processes, to match Cameroon’s new payment regulations – a critical part of delivering financial services in the region, ”said the CEO of the startup. , Serge Boupda.

Diool intends to focus on expanding home with funds on board, before raising more funds and expanding globally.

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