Koree, a fintech startup, has secured €20,000 in seed funding from Cameroon Angels Network (CAN) to expand its operations in Francophone Africa. With this investment, Koree will be able to establish operations in Cameroon, in addition to its existing presence in Côte d’Ivoire. The funding will be used to recruit full-time sales and development personnel and create new financial services, which will enable the company to grow its workforce. Additionally, the investment will enable Koree to gain admission into the ActivSpaces innovation center and incubator’s portfolio of supported startups.

In a statement, Cameroon Angels Network said, “CAN is committed to supporting tech-driven startups financially and operationally, thus helping improve the startup success rate by providing seed funding. The organisation is particularly excited to work with Koree, a female-led startup offering innovative digital solutions to a widespread problem.”

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Koree aims to transform the retail payment and marketing landscape in Sub-Saharan Francophone Africa by providing inclusive solutions to both customers and merchants. Magalie Gauze-Sanga, the founder of Koree, wants to address the ‘change shortage’ in Francophone Africa while empowering customers through an incentive reward system. The company is focused on digitizing small change, and its website notes that it has created “a simple, secure, 100% digital and practical solution so that shoppers can enjoy the best offers and get incentives on their shopping.”

With the new funding, Koree will be able to grow its operations and make a significant impact on the financial landscape in Francophone Africa. The company’s focus on inclusivity and innovation, coupled with the support of Cameroon Angels Network, puts Koree in a strong position to succeed in its expansion efforts.

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert. 
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard