CoinAfrique

Dakar, Senegal Founded: 2014 • Age: 12 yrs Acquired By Autocheck Africa
Pre-owned products are listed via an app-based platform for users.
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About CoinAfrique

CoinAfrique is a company based in Dakar (Senegal) founded in 2014 by Eric Genetre was acquired by Autocheck Africa in July 2022.. CoinAfrique has raised $3.09 million across 2 funding rounds from investors including Autocheck Africa, Mercure International and IETP. CoinAfrique offers products and services including CoinAfrique App and CoinAfrique Website. CoinAfrique operates in a competitive market with competitors including eBay, Wallapop, Adevinta, 58City and Craigslist, among others.

  • Headquarter Dakar, Senegal
  • Founders Eric Genetre
  • Sectors
    Retail
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Retail → E-Commerce Platforms & Marketplaces → →
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $3.09 M (USD)

    in 2 rounds

  • Latest Funding Round
  • Investors
    Autocheck Africa

    & 4 more

  • Employee Count
    Employee Count
  • Acquired by
    Autocheck Africa

    (Jul 06, 2022)

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Products & Services of CoinAfrique

CoinAfrique offers a comprehensive portfolio of products and services, including CoinAfrique App and CoinAfrique Website. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Mobile app for posting and browsing ads in various categories

Web-based tool for buying, selling, and exchanging goods online

Funding Insights of CoinAfrique

CoinAfrique has successfully raised a total of $3.09M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding
  • Total Rounds 2
  • Last Round
  • First Round

    (13 Apr 2018)

  • Investors Count 4
Date Amount Transaction Name Valuation Lead Investors Investors
Nov, 2018 Amount Series A - CoinAfrique Valuation

investors
TRACE
Apr, 2018 Amount Series A - CoinAfrique Valuation

investors
Investisseurs & Partenaires , French Partners
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investors in CoinAfrique

CoinAfrique has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Autocheck Africa, Mercure International and IETP. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
IETP
IETP is focused on impact investment in African SMEs.
Founded Year Domain Location
French Partners
A platform for co-investing in international French entrepreneurs is provided.
Founded Year Domain Location
Mercure International
Fashion wear is retailed by Mercure International in Monaco.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Amitabh Bachchan family office
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Signite Partners
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Sixteenth Street Capital
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
GGV Capital
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by CoinAfrique

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - CoinAfrique

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Coinafrique Comparisons

Employees
+
Add Comparison
Available on Premium

Competitors of CoinAfrique

CoinAfrique operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as eBay, Wallapop, Adevinta, 58City and Craigslist, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
eBay
domain founded_year HQ Location
Multi-category consumer products are sold via an online marketplace platform.
Wallapop
domain founded_year HQ Location
App-based marketplace and classified platform for multi-category products
Adevinta
domain founded_year HQ Location
Multi-category second-hand products are traded via an online P2P marketplace.
58City
domain founded_year HQ Location
Online second-hand listing platform offering multi-category products and services
Craigslist
domain founded_year HQ Location
Online classified forum
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Coinafrique

Frequently Asked Questions about CoinAfrique

When was CoinAfrique founded?

CoinAfrique was founded in 2014 and raised its 1st funding round 4 years after it was founded.

Where is CoinAfrique located?

CoinAfrique is headquartered in Dakar, Senegal.

Who is the current CEO of CoinAfrique?

Eric Genetre is the current CEO of CoinAfrique. They have also founded this company.

Is CoinAfrique a funded company?

CoinAfrique is a funded company, having raised a total of $3.09M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.09M, raised on Apr 13, 2018.

What does CoinAfrique do?

CoinAfrique was founded in 2014 in Dakar, Senegal, as a mobile platform focused on classified listings for pre-owned goods. Users are enabled to register and post advertisements that include product details and contact information. Categories covered include electronic devices, vehicles, clothing, pet supplies, and miscellaneous items. The application is offered for both iOS and Android devices, supporting operations primarily in African markets.

Who are the top competitors of CoinAfrique?

CoinAfrique's top competitors include Wallapop, eBay and Adevinta.

What products or services does CoinAfrique offer?

CoinAfrique offers CoinAfrique App and CoinAfrique Website.

Who are CoinAfrique's investors?

CoinAfrique has 5 investors. Key investors include Autocheck Africa, Mercure International, IETP, French Partners, and TRACE.

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