The startup offers a payment processing platform that enables partner agents to facilitate digital and cash transactions, allowing businesses to efficiently manage their treasury operations. By streamlining the collection and disbursement of funds, the platform addresses the challenges of financial transaction management for businesses.
Funding
$5.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Businesses in Africa face challenges in managing financial transactions due to complex payment automation, collection, and reconciliation processes, especially within retail supply chains. Resellers require flexible payment options, while suppliers seek streamlined payment automation to optimize their operations.
Solution
Diool provides a digital payment platform that centralizes transactions and accelerates payments for businesses operating in Africa. The platform enables partner agents to facilitate both digital and cash transactions, streamlining the collection and disbursement of funds. By offering a unified terminal for mobile money payments and seamless transfers to partners, suppliers, and beneficiaries via Diool Money, Mobile Money, and Bank Transfers, Diool reduces repatriation costs and enhances financial transparency. The platform also provides a B2B commerce solution that allows financial institutions to offer end-to-end supply chain finance, personalized B2B sales portals, and multiple on/off-ramp payment methods.
Target Audience
Diool primarily targets businesses in Africa, including retailers, suppliers, and financial institutions, that require a centralized platform to manage digital and cash transactions, streamline payments, and optimize supply chain finance.
Features
- Mobile money payment acceptance through a single, user-friendly terminal
- Centralized transaction management with real-time tracking of transfers, deposits, and withdrawals
- Integration with multiple payment methods for easy addition and withdrawal of funds
- Bank transfers in a maximum of 2 days
- Real-time downloadable reports and detailed payment flow analysis
- API integration for white-label event ticketing platforms
- B2B commerce platform for supply chain finance with personalized sales portals
- Compliance with security standards, including KYC verification