1:01:19 AM PST - Saturday, December 10th, 2022

Consumer finance app Djamo eyes Francophone Africa expansion, backed by new $14M round  

By Editor - Thu Nov 24, 12:35 am

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Last February, Djamo announced that it got accepted into Y Combinator , the first from Ivory Coast. Months later, the two-year-old fintech has raised $14 million in funding from the famed accelerator, as well as from three lead investors — Enza Capital, Oikocredit and Partech Africa — and other participating investors, including Janngo Capital, P1 Ventures, Axian and Launch Africa. As with most fintechs across Africa, Djamo, launched by Régis Bamba  and Hassan Bourgi last year, provides financial services for the underbanked and unbanked population. Its focus is on French-speaking markets where fewer than 25% of adults have bank accounts. One reason why this is so is that banks concentrate on affluent customers and those they deem profitable for business.

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Consumer finance app Djamo eyes Francophone Africa expansion, backed by new $14M round

  • Comments Off on Consumer finance app Djamo eyes Francophone Africa expansion, backed by new $14M round

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