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Cameroonian fintech Diool raises XAF1.8 bln to develop digital payment services - Vimarsana News

Cameroonian fintech Diool raises XAF1.8 bln to develop digital payment services

(Business in Cameroon) - The Cameroonian start-up Diool, which specializes in mobile payment methods aggregation, recently raised $3.5 million (XAF1.8 billion) to develop its digital payment services. " The next step is to develop our team and market the products all over Cameroon before entering international markets," said Serge Boupda, co-founder of Diool. According to Diool, the investors in the fundraising operation include the Lundin family, a Swiss-based Swedish-Canadian billionaire family with assets in the oil industry (Lundin Energy, International Petroleum, ShaMaran Petroleum, Afr...