Y Combinator neobank Djamo raises $17M with 1M users across Francophone Africa
- Djamo raised $17 million to expand its product suite and services.
- The funding round is the largest ever for an Ivorian startup, surpassing Djamo's previous $14 million Series A.
- Djamo serves over one million customers in Ivory Coast and Senegal, focusing on the underbanked population.
Tech Labari - Apr 3, 2025
Ivorian Fintech Djamo Raises $17M in Latest Funding Round
Djamo, a Y Combinator-backed startup, has successfully raised $17 million in its latest funding roun
Djamo's innovative approach to combining mobile money with traditional banking services addresses a significant gap in financial access for underbanked populations in Francophone Africa. The startup's focus on expanding its product offerings and targeting small businesses positions it well for future growth. However, it will be crucial for Djamo to navigate competition and ensure that its services remain accessible and affordable for its target demographic.
