Deal Street

African Startup Funding Tracker

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Cameroonian Crypto And Saving Platform Ejara Raises USD 8 Mn Series A
Cameroonian Crypto And Saving Platform Ejara Raises USD 8 Mn Series A

Ejara, a Cameroonian fintech offering an investment app that allows users to buy crypto and save through decentralized wallets, has raised USD 8 Mn in Series A investment. London-based venture capital firm Anthemis co-led the growth round alongside crypto-focused fund Dragonfly Capital. Anthemis is a follow-on investor in Ejara. Participating VC firms in this new financing include other follow-on investors Mercy Corps Ventures, Coinshares Ventures, and Lateral Capital, and new investors such as Circle Ventures, Moonstake, Emurgo, Hashkey Group, and BPI France. Jason Yanowitz, the co-founder of Blockworks, is one of the angels in the round. 

Ejara has users from Cameroon, Ivory Coast, Burkina Faso, Mali, Guinea, and Senegal, as well as French-speaking Africans in the diaspora (Europe, Asia, and the U.S.), and caters to them via a partnership with crypto payment infrastructure company MoonPay so they can remit money to friends and family in Africa.