Cameroonian Fintech Startup Koree Secures New Investment to Revolutionize Retail Payments

Koree, a pioneering Cameroonian startup, has announced a strategic partnership with Fuzé, marked by a significant investment that positions the company for transformative growth in the Sub-Saharan Francophone African region.

Founded in September 2022, Koree has swiftly emerged as a leading mobile application dedicated to optimizing currency management for African consumers. The innovative platform allows users to aggregate their loose change into a diversified digital wallet, enhancing their purchasing power through cashback rewards. Imagine turning spare change into meaningful savings and improving your buying capacity — this is the promise of Koree!

Magalie Gauze-Sanga, CEO and Co-founder of Koree, expressed her excitement about the collaboration with Fuzé, stating, “We are thrilled to join the Fuzé program, which will serve as a catalyst for propelling our business. The support provided will bolster our regional expansion through technical assistance and the facilitation of strategic partnerships.”

Koree’s mission is to revolutionize the retail payment and marketing landscape in Sub-Saharan Francophone Africa, offering inclusive solutions to both consumers and merchants. Magalie Gauze-Sanga aims to address the ‘change shortage’ in the region while empowering customers through an innovative incentive reward system.

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Magalie Gauze-Sanga, CEO and Co-founder of Koree. Credits: Koree

Koree operates with a focus on digitizing small change, providing a simple, secure, 100% digital, and practical solution. The platform enables shoppers to enjoy the best offers and receive incentives on their purchases, contributing to a more seamless and rewarding shopping experience.

Ali Mnif, Chief Investment Officer at Digital Africa, expressed confidence in Koree’s potential impact, saying, “Magalie and her team deeply understand the market in which they operate, bringing solutions that positively impact their clients’ sales and create value. We hope this investment will fuel Koree’s growth not only in Cameroon but also beyond.”

This partnership marks a significant milestone for Koree, as they embark on a new phase of expansion and innovation, with the support of Fuzé. As Koree continues to redefine the landscape of retail payments in Sub-Saharan Francophone Africa, the company remains committed to its mission of empowering consumers and merchants alike.

Koree is a Cameroonian startup founded in September 2022, dedicated to transforming the retail payment and marketing landscape in Sub-Saharan Francophone Africa. Through its innovative mobile application, Koree enables consumers to optimize currency management, turning spare change into meaningful savings through a cashback reward system.

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