CoinAfrique Raises $3 Million Series A Round from Investisseurs & Partenaires and Others (Sub-Saharan Africa)

Source(s): Disrupt Africa | Author(s): Tom Jackson

Senegal-based classified advertisement platform CoinAfrique has raised EUR2.5 million (approximately US$3 million) in a Series A funding round. Investors in the round include Sub-Saharan Africa-focused impact investment firm Investisseurs & Partenaires, as well as a pool of investors represented by co-investment platform French Partners and Francophone Africa-focused retailer Mercure International. CoinAfrique, which launched in 2015 and participated in the World Bank’s XL Africa accelerator program, currently serves more than 150,000 users in 16 African countries.