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# Seed Of The Week: PaySika
- URL: https://www.frenchtechjournal.com/seed-of-the-week-paysika/
- Published: 2021-10-25T07:15:00.000Z
- Updated: 2021-11-15T09:36:26.000Z
- Author: Chris O'Brien
- Tags: Entrepreneurs, Seed Of The Week

**What:** [Toulouse-based Fintech PaySika](https://paysika.co/?ref=frenchtechjournal.com) is developing a banking app for French-speaking African markets. PaySika's mobile banking service has an app but also uses a chatbot that works via Facebook Messenger, WhatsApp, and Telegram. Customers can conduct transactions via any of those channels.

**Why:** According to PaySika, 80% of Africans don't have access to banking services. But mobile penetration is high, and the founders are hoping to leverage that to make financial services more widely available. 

**Who:** Co-founders are [Roger Nengwe](https://twitter.com/NengweRoger?ref=frenchtechjournal.com) and [Stezen Bisselou-Nzengue](https://www.linkedin.com/in/stezen-bisselou-nzengue-4a59a015a/?originalSubdomain=fr&ref=frenchtechjournal.com).

**Seed round:** [€300,000](https://techmoran.com/2021/10/15/paysika-raises-pre-seed-funding-to-provide-neobank-services-in-francophone-africa/?ref=frenchtechjournal.com)

**Investors:** Business angles included Benjamin Chemla, founder of Stuart; Damien Guermonprez, the executive chairman of Lemonway; Charles Edouard Bouée, former CEO of Roland Berger; Didier Valet, former Deputy-CEO of Groupe Société Générale; Charlie Delingpole, CEO of ComplyAdvantage; Oliver Tilloy, Founder of Techmind; Adedayo Amzat, Managing Director of Zedcrest Capital; and Thibault Poutrel, Founder of Fonds de Dotation Thibault Poutrel.

**Next**: PaySika says it already has 20,000 pre-registrations in Cameroon and Gabon where it plans to start testing the app in the first quarter of 2022\. Of those, 90% are between the ages of 18 and 35\. If initial tests are successful, the team will start rolling it out to other territories.