Ivorian Fintech Startup Djamo Raises USD 14 Mn Funding Round

Ivorian fintech startup Djamo has raised USD 14 Mn 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.

Djamo’s app allows for interoperability between banks and mobile money, meaning that its customers in Ivory Coast can send money from their bank accounts to mobile money wallets, and back; it has leveraged this characteristic to build a full suite of financial services. The startup provides its users with visa cards which work like a prepaid card and is secured with 3D technology to protect online payments.