Senegalese Fintech Startup InTouch Secures Funding
Senegalese-based aggregator of financial solutions and digital services InTouch has announced it raised an undisclosed amount of fund from the CFAO company, alongside Mobility54, TotalEnergies and Worldline, InTouch’s two long-term partners, also reaffirmed their commitment to the pan-African company with the transaction.
InTouch was founded by Omar Cissé. The Fintech startup offers digital solution that offers more than 230 digital services (mobile money, agency banking, money transfer, purchase of telephone credit, etc.) and accepts all forms of payment available in the countries where InTouch operates (mobile money, bank card, voucher, digital cash, and so on), from a single interface available in the form of an Android application, web interfaces and APIs. The Fintech startup now operates in Senegal, Mali, Burkina Faso, Kenya, Guinea Conakry, Cameroon, Ivory Coast, Uganda, Nigeria, South Africa, and plans to expand to five new nations by the end of 2021.
Omar Cissé, founder of InTouch speaking on the funding expressed joy and thanked its partners for their commitment.
“We are very proud to announce the joint investment of the CFAO Group with Mobility54. This will help make InTouch a major payments player in Africa. We thank our historical partners Worldline and TotalEnergies for reaffirming their confidence with a renewed investment” Omar said.
CFAO Group CEO Richard Bielle also speaking said that InTouch’s part in the digital transformation of the Fintech space has prompted the funding.
“The financial inclusion of populations has been a major factor in the emergence of African economies and the pace of transformation. InTouch has been a part of the continent’s revolutionary transformation since its inception. The CFAO Group is delighted to be partnering with TotalEnergies and Worldline to support InTouch and its management team in their pan-African expansion“ said Richard.