Luxembourg-based Koosmik has raised $2 million growth capital in its second seed financing round to expand in Togo, its pilot market in West Africa.
Founded in 2016 and headquartered in Luxembourg with operations in Togo, Koosmik is an award-winning fintech startup helping to foster financial inclusion through mobile and digital banking. Koosmik aims to provide a complete, modern banking experience throughout all regions in Togo. In 2017, Koosmik had raised over $1 million to develop its technology in Luxembourg, and opened an office in Lomé, Togo.
This round was raised from Batipart International, who had led the previous seed round, and Alpharatz, as well as other business angels from France, Belgium, Luxembourg, Turkey and Morocco.