# CinetPay

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

- Industry: Internet
- Headquarters: Abidjan, Ivory Coast
- Website: www.cinetpay.com
- Total disclosed funding: $2.4M
- Latest round: Seed (Dec 8, 2021)
- Investors on record: 3

## About

CinetPay SAS is a payment solutions provider based in Abidjan, Ivory Coast, facilitating online transactions across West and Central Africa through a diverse range of services.CinetPay SAS specializes in payment solutions for businesses, enabling efficient online transactions. Founded in 2016 in Abidjan, Ivory Coast, by Juan Pimienta, the company has raised a total of USD 2.4 mn through 2 deals, with the latest being a Seed round on December 8, 2021, from investors including 4DX Ventures and Flutterwave Inc. CinetPay provides a comprehensive suite of payment solutions to streamline online transactions across various sectors in West and Central Africa. Core offerings include CinetPay Mass Payout for bulk payment transfers and CinetPay Collect, which allows payments via Mobile Money, bank cards, and digital wallets. Their intuitive payment links facilitate easy payment requests for businesses, benefiting a range of clients including educational institutions, NGOs, and corporations across more than ten French-speaking African countries.CinetPay generates revenue primarily through transaction fees from its payment services, including charges for CinetPay Collect based on transaction volume and types. Additionally, partnerships with retailers enhance B2B transaction efficiencies, while the Mass Payout service offers revenue through fees associated with fund distribution, catering to both individual and corporate clients.With the USD 2.4 mn raised in Seed funding in December 2021, CinetPay plans to enhance its sales and marketing efforts across nine targeted markets in West and Central Africa. Expansion into new geographic regions and the introduction of new products are key components of their growth strategy.

## Funding rounds

- Seed, Dec 8, 2021, $2.4M — Flutterwave Inc., 4DX Ventures
- Seed, Jan 1, 2018 — Seedstars

## Investors

- Seedstars (https://capitalatlas.ai/funds/seedstars) — Seed
- Flutterwave Inc. — Seed
- 4DX Ventures (https://capitalatlas.ai/funds/4dx-ventures) — Seed