Ivorian Fintech Waribei Raises USD 817 K in Pre-Seed Funding
Waribei, a fintech company based in Côte d’Ivoire, has secured USD 817 K in pre-seed funding to accelerate the development of its inventory financing solution for small traders across Africa. Mstudio contributed USD 545 K, and Saviu Ventures contributed USD 272 K.
The funding will support the fintech’s efforts to improve integration with financial institutions, allowing for tailored services that meet the specific needs of local entrepreneurs.
Waribei, founded in 2023 by Ladislas Pham and Frédéric Fameni, connects banks, wholesalers, and retailers, formalizing access to working capital financing for purchasing goods. The platform also manages payment terms within traditional distribution channels, supported by liquidity from banks for wholesalers.