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# Ivory Coast-based fintech startup Bizao raises $8.2 million in funding
- URL: https://www.techloy.com/ivory-coast-based-fintech-startup-bizao-raises-8-2-million-in-funding/
- Published: 2022-07-25T08:30:27.000Z
- Updated: 2022-12-07T23:45:40.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Fintech, Ivory Coast

[Bizao,](https://www.bizao.com/en/home/) a Paris-headquartered fintech startup based in Ivory Coast and operating and expanding across Africa, has raised $8.2 million in its Series A funding round to enter new markets on the continent.

- The fund will be invested in scaling the commercialisation of its payment hub and expanding its operations to more countries.
- Founded in 2019, Bizao facilitates the processing of end-to-end payment flows, to and from the main digital payment system in Africa, including airtime, mobile money, and credit card.
- The startup has 20xed its transaction volumes in the last 12 months.
- AfricInvest, Adelie, and Seedstars Africa Venture participated in the funding round.