Y Combinator neobank Djamo raises $17M with 1M users across Francophone Africa

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 fintech Djamo is a financial services application based in Côte d'Ivoire that revolutionizes mobile banking in French-speaking Africa. It raised $17 million during a equity financing tour to expand its range of banking services for consumers and SMEs.The Ivorian fintech Djamo gets $17 million to improve its platform and offer bank services adapted to individuals and SMEs in French-speaking Africa. This financing, led by Janngo Capital with t…

Djamo Raises $17M of Equity to Double Down on Digital-First Banking Services for Users Across Francophone Africa

Djamo, a financial services app revolutionizing mobile banking in francophone Africa has secured $17 million in an equity funding round to continue building its suite of banking services for consumers and SMEs . The $17 million investment round was led by Janngo Capital, with participation from SANAD Fund for MSMEs (managed by Finance in Motion), Partech, Oikocredit, Enza Capital and Y Combinator. The new capital will enable Djamo to enhance its…

Djamo Raises $17m to Expand Digital Banking Across Francophone West Africa - Innovation Village | Technology, Product Reviews, Business

In a major milestone for Francophone Africa’s fintech scene, Ivorian digital bank Djamo has raised $17 million in fresh equity funding to expand its services across the region. The round, led by Pan-African venture capital firm Janngo Capital, marks the largest VC raise by any startup in Ivory Coast, underscoring growing investor confidence in Djamo’s mission to bridge the financial access gap in underserved markets. While many African fintechs …

YC-backed Ivorian fintech startup, Djamo raises $17m to bank the unbanked

Ivorian-based startup Djamo has raised $17 million in seed funding in an equity round led by pan-African and gender-focused VC Janngo Capital to expand its product suite for its retail customers and target 10,000 small businesses. The funding round by the Y Combinator-backed fintech is the largest ever for an Ivorian startup. It also surpassed Djamo’s $14 million Series A in 2022, which reflects the continued investor confidence in the fintech’s…

YC-backed Djamo Raises $17M To Fuel Growth in Francophone West Africa

Y Combinator-backed Djamo has secured $17 million to expand its product suite across Francophone West Africa. The equity round was led by pan-African VC Janngo Capital. Other investors participating in the round include Enza Capital, Partech, Oikocredit, SANAD Fund for MSMEs (managed by Finance in Motion), and Y Combinator. The fintech startup will use the new funding to expand its product suite for its retail customers and the thousands of smal…