Fintech startup Diool raises US$3.5m funding to expand its operations

CAMEROON – Diool, a fintech startup, has raised US$3.5 million in funding from the Lundin family plus existing investors to scale operations, taking its total secured investment to US$4.6 million. The startup’s platform makes it simpler for small merchants to accept payments from their customers and repay their suppliers, using many payment methods. In the two years since the pivot, Diool has signed up more than 2,000 merchants, who have transacted more than US$120 million via its platform. “Our next stage is growing the team and product to scale in…

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