Ivory Coast-based fintech startup Djamo has raised $17 million in equity funding to further expand its mobile-first financial services platform for consumers and SMEs across Francophone Africa.
Founded in 2021 by Regis Bamba and Hassan Bourgi, Djamo is redefining access to banking in a region where a significant portion of the population remains underbanked. The platform bridges the gap between traditional financial institutions and the everyday needs of digital natives by offering simple, affordable, and user-friendly banking solutions.
Currently operating in Ivory Coast and Senegal, Djamo has grown rapidly, now serving over 1 million individual users and 10,000 small businesses. The new funding round was led by Janngo Capital, with participation from SANAD Fund for MSMEs, Partech, Oikocredit, Enza Capital, and Y Combinator.
The fresh capital will be used to enhance Djamo’s product suite, with plans to introduce best-in-class features for spending, saving, investing, and borrowing—furthering its mission to deliver a seamless and empowering financial experience for digital-first consumers.
“This investment is a major step toward our vision of building one of the most iconic financial services platforms in Francophone Africa,” said Hassan Bourgi, co-founder and CEO of Djamo. “Millions across our region are either underserved by traditional banks or limited to mobile money ecosystems that don’t offer fair financing or wealth-building tools. We aim to change that with accessible, innovative, and customer-centric banking.”
Fatoumata Bâ, founder and executive chair at Janngo Capital, expressed strong confidence in Djamo’s impact and leadership.
“We’re thrilled to lead the largest VC round ever in Ivory Coast and double down on Djamo’s success,” she said. “They serve over 1 million users and 10,000 SMEs—60% of whom were previously unbanked. In a region where fewer than 25% of adults have access to formal financial services, and where women are twice as likely to be excluded, Djamo’s work is transformative.”
She added that with women making up a third of Djamo’s user base, the startup is playing a key role in bridging the gender gap in financial access and unlocking economic potential at scale.
“We’re proud to support Djamo’s vision of accelerating financial inclusion in Francophone Africa—in a way that is not only scalable but also more inclusive and equitable,” Bâ said.
Djamo’s latest raise marks a significant milestone for the West African fintech scene and signals growing investor confidence in solutions that address structural financial inclusion challenges in underserved markets.
