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

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

Quick Summary:

Last February, Djamo announced that it got accepted into Y Combinator, the first from Ivory Coast.

The platform currently has registered over 500,000 customers, a more than 5x increase from the 90,000 customers Djamo had onboarded as of February 2021.“In our region, users pay amongst the highest fees in the world but do not always receive adequate service in return and that can be extremely frustrating.

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.


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Article Details

Author / Journalist: Tage Kene-Okafor

Category: Technology

Markets:

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-24 @ 07:06:46 (3 days ago)

News Timezone: GMT -5:00

Ranking: #89 (out of 2774 stories this day)

News Source URL: techcrunch.com

Language: English

Article Length: 806 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 1904059

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