{"id":488148,"date":"2026-02-03T11:53:44","date_gmt":"2026-02-03T11:53:44","guid":{"rendered":"https:\/\/www.financialafrik.com\/en\/2026\/02\/03\/togo-fintech-ollo-africa-increases-its-capital-from-68-million-to-1-billion-cfa-francs\/"},"modified":"2026-02-03T11:53:50","modified_gmt":"2026-02-03T11:53:50","slug":"togo-fintech-ollo-africa-increases-its-capital-from-68-million-to-1-billion-cfa-francs","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2026\/02\/03\/togo-fintech-ollo-africa-increases-its-capital-from-68-million-to-1-billion-cfa-francs\/","title":{"rendered":"Togo: Fintech Ollo Africa increases its capital from 68 million to 1 billion CFA francs"},"content":{"rendered":"
<\/div>

The Togolese fintech company Ollo Africa announced an increase in its capital, raising its equity from 68 million CFA francs to 1 billion CFA francs (approximately 1.8 million USD). This operation reflects the entry of Togolese and American business angels into the capital alongside the founding shareholders, according to a statement released by the company on Tuesday, February 3.<\/p>\n

“This capital increase represents a turning point for Ollo Africa. It validates our approach: digitizing rotating savings and credit associations while preserving their social essence,” said Mawuna Koutonin, the CEO of the fintech. He commented on this operation as a “confidence” from investors.<\/p>\n

According to Sophia Boyer, an American Business Angel quoted in Ollo Africa’s statement, the fintech “has demonstrated its ability to create a product that respects cultural practices while providing security, transparency, and traceability. The BCEAO approval and the Ecobank partnership are decisive competitive advantages. We are convinced that the team has the means to become the leading platform for digital collective savings in Africa.”<\/p>\n

The funds raised will be used for a major acquisition campaign in Togo, the technological development of the Ohana Africa platform with new features, and strategic partnerships with microfinance institutions, trade chambers, and community organizations. There is also mention of strengthening teams to support growth and financial education initiatives for target communities.<\/p>\n

Specializing in financial technology, Ollo Africa, a Togolese limited company approved by the BCEAO, has a platform that digitizes traditional rotating savings and credit associations. It aims to become the leading platform for digital collective savings in the UEMOA region.<\/p>\n

READ ALSO: Fintech Ollo Africa launches a fundraising and fund management solution.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

The Togolese fintech company Ollo Africa announced an increase in its capital, raising its equity from 68 million CFA francs to 1 billion CFA francs (approximately 1.8 million USD). This operation reflects the entry of Togolese and American business angels into the capital alongside the founding shareholders, according to a statement released by the company<\/p>\n","protected":false},"author":537202,"featured_media":488151,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"https:\/\/www.financialafrik.com\/2026\/02\/03\/togo-la-fintech-ollo-africa-porte-son-capital-de-68-millions-a-1-milliard-de-fcfa\/","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[16068],"tags":[],"class_list":{"0":"post-488148","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-fintech-telecom","8":"pmpro-has-access"},"yoast_head":"\nTogo: Fintech Ollo Africa increases its capital from 68 million to 1 billion CFA francs - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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