Get the latest tech news
Y Combinator neobank Djamo raises $17M with 1M users across Francophone Africa
Djamo, which serves over 1 million users in Francophone Africa, has raised $17 million to scale digital banking services across the region.
The startup offers the accessibility of mobile money with the financial depth of a bank account, a similar playbook that Softbank-backed OPay and Transsion-owned PalmPay have used to scale to tens of millions of customers in Nigeria. The Ivorian fintech now offers savings vaults, investment products — thanks to the region’s first fintech-issued brokerage license — and salary-linked bank accounts, which Bourgi sees as important to boosting customer engagement. “We are thrilled to lead the largest VC round in Ivory Coast and double down on Djamo, a mission-driven fintech transforming access to financial services across Francophone West Africa,” said Fatoumata Bâ, founder and executive chair of Janngo Capital.
Or read this on TechCrunch
