Djamo Raises $17M for African Startups
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Y Combinator neobank Djamo raises $17M with 1M users across Francophone Africa | TechCrunch
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Y Combinator-backed fintech Djamo has raised $17 million to expand its product suite for retail customers and small businesses.
The equity round, the largest ever for an Ivorian startup, surpasses Djamo ’s $14 million Series A in 2022 .
The startup offers the accessibility of mobile money with the financial depth of a bank account.
Djamo has entered a market dominated by Wave , one of Africa ’s largest fintechs known for low-cost mobile money transfers.
Now a 250 -person team, Djamo is betting that its new round of funding will help it scale those services across French -speaking Africa .
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