Djamo, a rapidly growing startup from Ivory Coast—has successfully raised $17 million in funding to expand its digital banking services. This marks the largest equity round ever recorded for a startup based in Côte d’Ivoire.
The funding round was led by Janngo Capital and saw participation from key investors such as the SANAD Fund for MSMEs (managed by Finance in Motion), Partech, Oikocredit, Enza Capital, and Y Combinator. This new injection of capital underscores growing investor confidence in Djamo’s mission to reshape access to financial services across the region.
Founded in 2020 by Hassan Bourgi and Régis Bamba, Djamo is on a mission to bridge the gap between traditional banking and the needs of modern, digital-first users. Their platform offers a mobile-centric, user-friendly banking experience designed specifically for the underserved in Francophone West Africa. Since launching, the company has already made significant strides in Côte d’Ivoire and Senegal, reaching over 1 million customers and supporting 10,000 small and medium-sized businesses.
This latest funding follows their impressive $14 million Series A round in 2022 and positions Djamo to accelerate its growth across new markets. As financial inclusion continues to be a critical issue in many parts of Africa, Djamo’s innovative approach could be a game-changer for millions seeking more accessible and affordable financial tools.
