Ivorian-based Djamo has been accepted into the Silicon Valley-based accelerator Y Combinator, banking US$125,000 funding and further support. Founded by Hassan Bourgi and Regis Bamba last year, Djamo is a financial super app that aims to democratise access to quality and affordable banking to millions of Africans living across the Francophone Africa region. Disrupt Africa reported last week Nigerian fintech startup Mono had been accepted into the Y Combinator Winter 2021 batch, and can now confirm it is joined in that cohort by Djamo, which becomes the first startup from Ivory Coast to take part in the renowned programme. The startup will receive US$125,000 in seed funding as well as further investment opportunities at a March demo day. Djamo launched its app and Visa card in November 2020, six months after closing a US$350,000 pre-seed investment from early-stage investors. Today, it has around 90,000 registered users and processes over 50,000 transactions monthly. Y Combinator’s backing validates the fintech startup’s premise that financial services distribution across the Francophone Africa region is fundamentally changing with the advance of Internet and smartphone penetration, and is starting to switch towards apps.
SOURCE: DISRUPT AFRICA
Best Style Moments of Tems
To the World
From ‘The Woman King’ to Netflix’s ‘African Queens’ – How Africa’s History Went Pop
Who is Pretty Yende, the Soprano Performing at King Charles III’s Coronation?
Discover Dakar: From African Art to Rooftop Hangouts and Culinary Gems
Graffiti Now Covers the Walls of Libya’s Ancient City, a UNESCO World Heritage Site
When to Visit Malawi
The Beauty about Exploring Africa is that the Continent has a Lot to Offer
Ugandan Kids get Introduced to Irish Dancing Via Online Lessons
Get a Symmetrical Trim at this Kenyan Barber
Standard Bank Hosts Central Bankers to Demonstrate Africa’s Potential to Learn – and Lead
Ghana’s Debt Crisis is Affecting Companies Beyond its Borders