Coris Money
Coris Money is the mobile money and digital wallet subsidiary of Coris Bank International, operating across seven WAEMU countries in West Africa. It serves unbanked and underbanked individuals with cash withdrawals, transfers, bill payments, and merchant payments via mobile app and agent network, plus B2B payroll through Coris Money Entreprises.
- Company typePrivate
- Founded2022
- HeadquartersOuagadougou, Burkina Faso
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Coris Money does
Coris Money is a mobile money and digital wallet service operating across seven West African countries — Burkina Faso, Benin, Côte d'Ivoire, Mali, Niger, Senegal, and Togo — under the WAEMU regulatory framework overseen by BCEAO. The company is headquartered in Ouagadougou, Burkina Faso, and operates as the digital wallet subsidiary of Coris Bank International (CBI), leveraging CBI's branch network, payment terminals, and regulatory standing for distribution and bank-to-wallet interoperability. Its product portfolio centers on the Coris Money mobile application (iOS and Android), which enables cash withdrawals, account-to-account and cash-to-cash transfers, deposits, bill payments, merchant payments via proximity authentication, multi-currency display, and bank-to-wallet / wallet-to-bank transfers linked to CBI accounts. Adjacent products include E-coris (web-based online banking portal) and Coris Money Entreprises (a B2B mass payroll and bulk payment platform). Distribution combines the downloadable mobile app with an agent and distributor network plus CBI bank branches and TPE (electronic payment terminal) hardware deployed to merchants.
The company employs 51-100 people and is privately held with no disclosed external venture funding; all visible strategic and capital backing flows from the Coris Bank International parent group. Revenue is generated primarily through transaction fees — typically 1% on cash withdrawals, with tiered fees on transfers and a handful of free core services (account opening, deposits, transfers, and bill payments in markets such as Burkina Faso, Niger, and Togo) — supplemented by hardware sales and rental of TPE terminals to agents and distributors. The go-to-market is mobile-first with physical distribution, targeting unbanked and underbanked individuals across the WAEMU region alongside a secondary enterprise payroll customer base. The company was launched in the early 2020s (with the Togo market entry formally completed in July 2022) and has pursued sequenced country-by-country geographic expansion combined with product launches (new mobile app and Coris Money Entreprises) concentrated in mid-2022. No revenue figures, customer counts, or external capital raises are disclosed in available sources.
Coris Money firmographics
Firmographics- Name
- Coris Money
- Legal name
- Coris Money
- Website
- https://coris.money
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Coris Money is the mobile money and digital wallet subsidiary of Coris Bank International, operating across seven WAEMU countries in West Africa. It serves unbanked and underbanked individuals with cash withdrawals, transfers, bill payments, and merchant payments via mobile app and agent network, plus B2B payroll through Coris Money Entreprises.
- Ownership category
- akta.pro rank
Coris Money industry classification
Industry- Product category
- Mobile Money and Digital Payments
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro industry
- Carrier Billing & Telco Mobile Money
Keywords
Where Coris Money is headquartered
LocationHeadquarters
- HQ city
- Ouagadougou
- HQ country
- Burkina Faso
Offices7 records
Markets served
Coris Money business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Withdrawal Fees: Fees charged on cash withdrawals from Coris Money accounts, typically 1% of transaction amount
- Transfer Fees: Fees for national money transfers between accounts, varying by amount tiers
- Bank-to-Wallet/Wallet-to-Bank Fees: Fees for linking and transferring between Coris Bank accounts and Coris Money wallet
- Agent/Distributor Services: Revenue from TPE (electronic payment terminal) equipment sales and rental services to agents
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Burkina Faso - Account Services |
| Transaction based/ take rate | Pay-as-you-go | Mali - Transaction Fees |
| Transaction based/ take rate | Pay-as-you-go | Togo - Transaction Fees |
| Transaction based/ take rate | Pay-as-you-go | Niger - Transaction Fees |
| Other | Multi-year contract | Agent/Distributor Requirements |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels5 records
Coris Money product offering
Product offeringCore offering
Coris Money is a mobile money and digital wallet service that lets users perform cash withdrawals, deposits, person-to-person transfers, bill payments, merchant payments (via TPE), and currency conversion via a smartphone application. It also operates E-coris, an electronic banking portal for account access, and a dedicated business payroll product (Coris Money Entreprises), with the wallet interoperable with Coris Bank International accounts across the WAEMU zone.
Product overview
Coris Money is a mobile money and digital wallet service operated by Coris Bank International, offering a comprehensive suite of financial services across West Africa. The core Coris Money platform provides mobile wallet functionality including cash withdrawals, money transfers, deposits, and bill payments through both mobile application and extensive agent networks. The product ecosystem includes E-coris for online banking access, Coris Money Entreprises for business payroll and mass payments, and country-specific versions for seven WAEMU nations (Benin, Burkina Faso, Côte d'Ivoire, Mali, Niger, Senegal, and Togo). Users access services via iOS/Android mobile apps or through authorized agent points and CBI bank branches.
Differentiator
Problem solved
Functional benefit
Companies that use Coris Money
Customer profileSegments2 records
Ideal customer profiles2 records
Coris Money technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
Coris Money partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Coris Bank International (CBI)coreCoris Money operates as a subsidiary and digital wallet service of Coris Bank International. The service is offered through CBI bank branches, integrates with CBI accounts for bank-to-wallet and wallet-to-bank transfers, and utilizes CBI's electronic payment terminals (TPE). CBI provides infrastructure, regulatory oversight, and financial backing for Coris Money operations.
Scale indicators3 records
Recent moves5 records
Expansion highlights5 records
Coris Money competitors and assessment
Company assessmentBroad incumbents
- Airtel Money: Mobile money service from Airtel Africa, active across multiple African markets including parts of West Africa. Comparable as a telco-led mobile wallet offering P2P transfers, bill payment, and merchant acceptance in the same regional ecosystem.
- MTN MoMo: Telco-led mobile money platform from MTN, present in several West and Central African markets. Comparable as a regional mobile money incumbent with agent networks, P2P transfers, and merchant payment services overlapping with Coris Money's offerings.
- Ecobank: Pan-African banking group with a regional digital/mobile offering (Ecobank Mobile) operating across many of the same WAEMU countries as Coris Money. Comparable as a bank-led digital financial services platform competing for the same retail and SME customers.
- Société Générale (YAS / Yello Money): European banking group with a strong West African footprint, having launched digital wallet and mobile money products in the region. Comparable as an incumbent bank rolling out a mobile wallet to defend retail customer relationships against pure-play mobile money operators.
Direct peers
- Orange Money: Telco-led mobile money service from Orange, dominant across multiple WAEMU countries where Coris Money also operates. Closest direct peer in terms of product scope (P2P, bill pay, merchant, transfers) and target unbanked customer base.
- Wave: Mobile money operator originally launched in Senegal and now expanding across West Africa. Direct competitor to Coris Money across overlapping WAEMU countries, with a similar agent-based cash-in/cash-out model targeting the unbanked.
Emerging players
- Wizall Money: West African mobile money operator with a presence in Senegal and Côte d'Ivoire. Comparable as a smaller regional mobile money player competing for unbanked users in WAEMU countries where Coris Money also operates.
Regional players
- Moov Money: Mobile money service from Moov Africa, an Etisalat-aligned telco group operating in several Francophone African markets. Comparable as a telco mobile money service with overlapping presence in WAEMU-zone countries where Coris Money also operates.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Coris Money social profiles
Digital presenceCoris Money financial estimates
Financial estimateRevenue estimate
Valuation estimate
Coris Money leadership team
Management profileNumber of profiles
Coris Money funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Coris Money M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Coris Money
What does Coris Money do?
Coris Money is a mobile money and digital wallet service that lets users perform cash withdrawals, deposits, person-to-person transfers, bill payments, merchant payments (via TPE), and currency conversion via a smartphone application. It also operates E-coris, an electronic banking portal for account access, and a dedicated business payroll product (Coris Money Entreprises), with the wallet interoperable with Coris Bank International accounts across the WAEMU zone.
Is Coris Money a public or private company?
Coris Money is a private company. It is classified as corporate owned and is currently operating.
When was Coris Money founded?
Coris Money was founded in 2022. It employs 51 to 100 people.
Where is Coris Money based?
Coris Money is headquartered in Ouagadougou, Burkina Faso.
How does Coris Money make money?
Four revenue lines are on record. Withdrawal Fees are the primary driver. The others are transfer Fees, bank-to-Wallet/Wallet-to-Bank Fees and agent/Distributor Services.
Who are Coris Money's main competitors?
Broad incumbents on record are Airtel Money, MTN MoMo, Ecobank and Société Générale (YAS / Yello Money). Direct peers are Orange Money and Wave. Wizall Money is listed as an emerging player. Moov Money is listed as a regional player.
Does Coris Money have an API?
No public API is recorded for Coris Money.
What industry is Coris Money in?
Coris Money's product category is Mobile Money and Digital Payments. Its primary akta.pro industry code is FSAMAEAD, Carrier Billing & Telco Mobile Money. Its NAICS code is 52232 and its SIC code is 6199.