Ivory Coast-based cloud communication startup LAfricaMobile has successfully raised US$4.6 million in a Series A funding round to accelerate its expansion across French-speaking Africa.
Founded in 2014, LAfricaMobile enables clients to execute large-scale communication campaigns using mobile technologies such as SMS, USSD, voice, WhatsApp, airtime, and text-to-speech. With nearly 100 million transactions, LAfricaMobile has connected more than 15 countries and 60 operators, and now plans to expand its operations further with the new funding.
The funding round was led by Janngo Capital and included investments from French footballers Aurélien Tchouaméni and Jules Koundé. Expensya founders Karim Jouni and Jihed Othmani also participated, along with VC firms SouthBridge Investments and Ciwara Capital.
LAfricaMobile intends to use the funds to strengthen its financial position and expedite its growth in French-speaking Africa. Specifically, the company aims to expand its operations in Central Africa and enhance its product offerings by integrating artificial intelligence to deliver greater value to its customers and partners.
“We are impressed by LAfricaMobile’s vision, the calibre of their team, and their technological solutions offering unique services in a huge market,” said Fatoumata Bâ, founder and executive chair of Janngo Capital. “Their value proposition, at the intersection of telecommunications, marketing, and financial services, efficiently addresses a combined market projected to reach US$150 billion by 2030. We are honoured to lead this funding round as a cornerstone investor to support the expansion of their offerings and geographical footprint while improving the accessibility of local content.”
