Ivory Coast’s State-Backed Fund Doubles Down on Fintech With New Green Pay Investment
When Côte d’Ivoire’s Caisse des Dépôts et Consignations (CDC-CI) turns up on a startup’s cap table, it is rarely for decoration. On December 31, 2025, the public financial institution confirmed it had acquired a stake in Abidjan-based fintech Green Pay, formalising a partnership that places the state investor alongside Orange Côte d’Ivoire Participations (OCIP), a subsidiary of the Orange Group.
The transaction, whose financial terms were not disclosed, is the latest in a growing series of CDC-CI investments into local technology companies — a strategy that positions the fund less as a passive allocator of long-term capital and more as a quietly activist architect of the country’s digital economy.
A public investor with an increasingly venture-shaped appetite
CDC-CI’s mandate is broad: mobilise and safeguard long-term resources and redirect them into projects deemed “structuring” for the Ivorian economy. Traditionally, that has meant infrastructure, real estate and public-interest finance. In recent years, however, the institution has been edging deeper into technology, particularly fintech, where policymakers see digital payments as both a growth lever and a social policy tool.
