The solution was launched by a Mauritanian tech entrepreneur to address the challenges faced by his compatriots when sending remittances to their relatives.

Cadorim is a fintech solution developed by a Mauritanian start-up. It enables the Mauritanian diaspora in Europe to send remittance home. 

The startup behind the app is based in Nouakchott and Brussels. It was founded, in 2018, by  Mohamed Elmoctar Neine. Guests can browse the web platform to get a feel of its services without creating an account.

In case they need to make a transfer, users can register for an account or just log back in and provide the required information to complete the transaction. Among other things, the user will be asked to enter the amount in euros or pounds sterling, the recipient's first and last name, telephone number, the receiving city, and whether the person will receive the money in cash at one of the fintech's branches or in their MauriPay e-wallet.

Once the transaction is validated, the next step is to upload a valid identity document issued by a European country to finalize the procedure. 

“The technology used by Cadorim is based on the blockchain which guarantees maximum security. It protects your money both when sending and withdrawing,” the platform assures. 

Cadorim also allows users to send money to Senegal and Cameroon. These transactions are carried out through its partner MauriPay. Recipients receive the funds directly into their e-wallets. Unlike Cadorim, MauriPay has a mobile application. In 2019, the start-up won the first edition of the Fintech Challenge organized by the Central Bank of Mauritania

Adoni Conrad Quenum