Djamo, an Abidjan, Côte d’ivoire-based private finance firm, raised $14M in Fairness funding.
The spherical was co-led by Enza Capital, Oikocredit, and Partech Africa, with participation from Janngo Capital, P1 ventures, Axian, and Launch Africa.
The corporate intends to make use of the funds to increase to new markets and proceed constructing a full suite of private finance providers to additional empower its clients throughout the area.
Co-Based by Regis Bamba and Hassan Bourgi, Djamo supplies a private finance app for shoppers in french talking Africa the place lower than 25% of adults have a checking account. The corporate’s mission is to allow entry to easy and reasonably priced banking to tons of of tens of millions of Africans dwelling throughout the African Francophone area. Djamo companions with regional banks to supply a mobile-first service, delivering a Visa card inside 2 days of making an account with out month-to-month charges or overdraft costs. The corporate has rolled out 3 further providers this yr: digital accounts, automated saving and a product to obtain salaries, complementing the prevailing native and cross border fee supply out there with the App and card.