# Afrimarket

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/afrimarket

- Industry: Financial Services
- Headquarters: Paris, France
- Website: www.afrimarket.fr
- Total disclosed funding: $9.8M
- Latest round: Series B (Sep 13, 2016)
- Investors on record: 6

## About

Based in Paris, France, and founded in 2013 by François Sevaistre, Jeremy Stoss, and Rania Belkahia, Afrimarket SAS operates as a provider of a cash-to-goods money transfer service to African migrants so they could send money to their families through goods and services rather than money. The company's marketplace includes food, beauty, and home appliances, building materials, live animals as well as brands looking to enter the African market that does not have local delivery access. In September 2016, the company received Series B funding led by Global Innovation Fund and Proparco. The funding will be used to expand in six new markets in French West Africa and launch new technology tools.

## Funding rounds

- Series B, Sep 13, 2016, $9.8M — Kima Ventures, Proparco, Orange Ventures, Global Innovation Fund, BIM - Entrepreneurs & Investors, Enowe

## Investors

- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Series B
- Proparco (https://capitalatlas.ai/funds/proparco) — Series B
- Orange Ventures — Series B
- Global Innovation Fund (https://capitalatlas.ai/funds/global-innovation-fund) — Series B
- BIM - Entrepreneurs & Investors (https://capitalatlas.ai/funds/bim-entrepreneurs-investors) — Series B
- Enowe — Series B