• Cauri Money launches Gajo Money, an e-wallet for the Cameroonian diaspora, targeting €120 million in transactions by end-2025.

• The fintech partners with BFI S.A. to access Cameroon’s financial system and serve unbanked populations.

• Cauri Money plans regional expansion and aims to mobilize 600 African investors through its CICM-600 program.

Cauri Money, a fintech based in Paris and Dakar, launched Gajo Money in Cameroon on July 8, 2025. The e-wallet targets Cameroonians living in Europe, simplifying money transfers, payments, and access to basic financial services.

To operate locally, Cauri Money partnered with Bourse de la Financière (BFI S.A.), a credit institution licensed by the Central African Banking Commission (COBAC). This partnership gives Cauri access to Cameroon’s financial system through a trusted local player.

The fintech aims to process €120 million (about $140.5 million) in annual transactions by December 2025. Most of this volume will come from diaspora remittances, a vital financial flow for Cameroon’s economy. According to World Bank data from December 2024, migrant remittances to developing countries should hit $685 billion in 2024, with over $603 million sent to Cameroon. Cauri Money wants to capture a significant share by offering a simple, accessible digital solution, especially for unbanked households.

 A Local Partnership-Driven Approach to Regional Strategy

Cauri Money CEO Lamine Tall visited Cameroon to formalize the partnership with BFI S.A. and lay the foundation for long-term collaboration.

Cameroon is Cauri Money’s second African market after Senegal, where it already operates. The company plans gradual expansion across Francophone Africa, relying on local financial institutions and products tailored to regional economic realities.

As a CEMAC-region operator, Cauri Money complies with regulations from the Bank of Central African States (BEAC) and COBAC. It must enforce anti-money laundering, protect user privacy, and ensure interoperability with regional payment infrastructures.

Seizing Opportunities in a Fast-Evolving Market Landscape

Beyond Gajo Money, Cauri Money develops CICM-600, a program to mobilize 600 African investors by the end of 2025. The program targets entrepreneurs, executives, technical experts, and young professionals ready to contribute through networks, skills, or capital. CICM-600 encourages active participation in the fintech’s governance and growth.

Founded in 2021 by Jean Charles Mendy and Lamine Tall, Cauri Money offers digital financial services for the African diaspora. Its Cameroon launch coincides with rapid growth in the digital payments sector. Nigerian fintech Flutterwave received BEAC approval on June 24, 2025, to launch services in Cameroon with Ecobank. Senegalese-American Wave gained COBAC approval on June 11, 2025, to operate mobile payments with Commercial Bank Cameroon (CBC).

According to BEAC, electronic money transactions in CEMAC countries—including Cameroon, Chad, Gabon, Congo, Central African Republic, and Equatorial Guinea— reached nearly CFA18 trillion ($32.13 billion) in 2023. This marks a 155% increase over five years, driven by mobile money, fintech, and digital financial innovations.

Chamberline Moko