Djamo Secures $17 Million Funding From Janngo Capital, SANAD Fund, Partech And Others

Djamo, a Y Combinator-backed neobank co-founded by Hassan Bourgi and Régis Bamba in 2020, recently raised $17 million to expand its digital banking services in Francophone West Africa. With over 1 million users in Ivory Coast and Senegal, Djamo aims to bridge the financial access gap in the region, where traditional banking services are often inaccessible. The startup offers a range of financial tools, including savings, investments, and salary-linked accounts, positioning itself as an alternative to mobile money platforms and traditional banks. Djamo’s growth has been fueled by its expansion into small business services and its focus on unbanked users, with plans to increase direct salary payments for its customers. This funding round, the largest ever for an Ivorian startup, reflects continued investor confidence in Djamo’s mission to make banking more accessible and affordable in underserved markets.

INVESTORS: Janngo Capital, SANAD Fund for MSMEs, Partech, Oikocredit, Enza Capital & Y Combinator

AMOUNT: $17,000,000

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