Fedapay SAS successfully Raises Funds from Catalytic Africa

Fedapay, a Benenese-based fintech startup has concluded a successful fundraising, announcing an investment three times higher than that initially granted by the Benin Business Angel Network – a financial breakthrough marks a significant milestone for the company, consolidating its position in the market and opening up promising new prospects. This new injection of funds provides FedaPay with the necessary resources to expand its operations and explore new markets.

At the heart of this transaction is EtriLabs, the innovation hub that played an essential role in bringing this fundraising to fruition. As a strategic partner, EtriLabs brings its expertise, resources, and network to drive the growth of FedaPay. This collaboration demonstrates the power of innovation ecosystems in creating profitable synergies between startups and key players in economic development.

“With this new capital injection from Catalytic Africa, FedaPay is well-positioned to accelerate its expansion and strengthen its presence in the payment solutions market. The startup can now step up its innovation efforts, improve its services, and respond more effectively to the changing needs of its customers. This fundraising marks the start of an exciting new era for FedaPay, which is preparing to push the boundaries of innovation in the financial technology sector. FedaPay has never stopped innovating for financial inclusion in West Africa, and this fund is welcome to continue and strengthen our mission.” Boris Koumondji , Co-Founder and CEO of FedaPay