CoinAfrique
Latest round
- Series A
Last raised
- Apr 2018
Total raised
- $3.1M
Investors
- 3
About CoinAfrique
Founded in 2014, CoinAfrique operates as an online marketplace specializing in classified ads. The company is headquartered in Mauritius and has undergone a recent acquisition by Automarket Nigeria Ltd. The founder, Jimmy Kumako, has had previous entrepreneurial experience.CoinAfrique is a leading online marketplace specializing in classified advertisements across francophone Africa. The platform facilitates a seamless buying, selling, and exchanging experience for both individuals and businesses looking to trade a variety of products, including new and used items. CoinAfrique's core offerings revolve around its user-friendly mobile application, which allows users to easily list products, browse available listings, and connect directly with potential buyers or sellers.CoinAfrique generates revenue through a transaction-based model that facilitates direct interactions between buyers and sellers. The platform implements a structure that includes featured listings or promotional services, allowing users to elevate the visibility of their ads for a fee. The revenue model is designed to cater to a diverse clientele, including individual sellers and small businesses.Following its acquisition, CoinAfrique is set to accelerate its expansion across Francophone Africa, leveraging its new backing to enhance its operational capabilities. Specific plans for geographic expansion have not been detailed, but the company aims to strengthen its presence in existing markets like Senegal, Ivory Coast, and Cameroon.
Who invested in CoinAfrique
3 investors across 1 round
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Funding rounds
Series A
Apr 12, 2018
Amount
$3.1M
Investors
Questions about CoinAfrique
Who invested in CoinAfrique?
CoinAfrique has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has CoinAfrique raised?
CoinAfrique has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did CoinAfrique last raise money?
CoinAfrique's most recent round on record is a Series A, in Apr 2018.
What does CoinAfrique do?
Founded in 2014, CoinAfrique operates as an online marketplace specializing in classified ads.
Where is CoinAfrique headquartered?
CoinAfrique is headquartered in Mauritius.
Which VCs invest in companies like CoinAfrique?
Among active investors with capital left to deploy, WestBridge Capital Partners, Ventures Platform, Persistent Energy Capital and Norrsken22 back marketing/advertising companies at CoinAfrique's stage. Their profiles are linked below.
VCs backing marketing/advertising startups at Series A
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