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CinetPay

“Can a single payment aggregator become the default embedded payments and disbursement rail for all of Francophone Africa?”

Founded2016
HQAbidjan, Côte d'Ivoire
FoundersIdriss Monthe, Daniel Dindji
Total raised$2.4M
Latest roundSeed, December 2021
IndustryFintech / Cross-border payments

The story

CinetPay was founded in 2016 after CEO Idriss Monthe struggled to collect payments for his earlier startup, CinetCore, a domain-name sales site, when PayPal repeatedly blocked African accounts. Recognizing that 80% of the Francophone African population holds mobile money accounts, he built a payment aggregator connecting online merchants to mobile money networks and bank cards (Visa, Mastercard) across Francophone Africa. The company has expanded from a pure payment gateway to a broader fintech platform covering bulk disbursements, school fee collection, airtime top-ups, and SMS APIs, positioning itself as the embedded payments OS for Francophone Africa.

Last 12 months

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Product timeline

2016

CinetPay founded by Idriss Monthe and Daniel Dindji in Abidjan to solve mobile money payment collection for online merchants in Francophone Africa.· pivot

2019

Established presence across major Francophone African markets including Côte d'Ivoire, Senegal, Cameroon, Togo, and Burkina Faso.· banking

2021

Raised $2.4M seed round led by 4DX Ventures and Flutterwave, marking the first Francophone Africa investment for both investors.· ipo

2022

Expanded product suite to include Mass Payout (bulk disbursement to mobile money accounts), Payment Links, School Fees collection, and API Direct solutions.· banking

The stack

1 layer disclosed in CinetPay’s embedded-finance stack

Payments / PSP

CinetPay (self-operated)

Accounting gap: significant

CinetPay — frequently asked

Who is CinetPay's payment processor?

CinetPay processes payments through CinetPay (self-operated).

Who founded CinetPay?

CinetPay was founded by Idriss Monthe and Daniel Dindji and is founded in 2016, headquartered in Abidjan, Côte d'Ivoire.

How much funding has CinetPay raised?

CinetPay has raised $2.4M in total (latest round: Seed, December 2021).

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