CYTO Raises $40,000 in Funding

CYTO, an Angolan fintech startup based in Luanda with operations in Paris and New York, has raised $40,000 in angel funding. The company develops a financial automation platform that helps businesses streamline administrative tasks such as invoice management, supplier verification, transaction reconciliation, and tax reporting.

Investors

The funding was provided through the Catalytic Africa co-investment programme, which included contributions from investors affiliated with the African Business Angel Network (ABAN) and a matching contribution from timbuktoo, a pan-African innovation initiative supported by the United Nations Development Programme (UNDP).

CYTO Use of Funds

The capital will be used to strengthen the company product offering and expand its customer base to improve digital financial management for businesses.

About CYTO

Founded in 2024 by Joachim Valot, Tamara Lerner, and Thiebault Husson, CYTO provides a technology platform designed to automate financial and administrative processes. By integrating various functions into one digital system, the company aims to reduce manual paperwork and assist businesses in meeting regulatory requirements such as mandatory electronic invoicing.

Funding Details

Company Website: https://appcyto.com

Company: CYTO
Raised: $40,000
Round: Angel
Funding Date: October 30, 2026
Software Category: Fintech
Source: https://www.techinafrica.com/angolan-fintech-cyto-secures-40000-to-expand-financial-automation-solutions/