Djamo is one of the digital banking banking targets. But not as focusing on the great market like Nigeria, Egypt, or South Africa, djamo has carved nichophones in Africa Francophone, particularly a more, Senegal coastal, Senegal. Now serving more than one million customers around the country. My finishes y that finisheku is only produced $ 17 million to expand the product suite for this store customer and thousands of these small businesses available in the past two years. The exposure of the equity, the largest for Ivorian opening, exceeds a series of $ 14 million worldwide in 2022 and reflect the continuous belief in the mission to make the banking and affordable. Co-Haster and Hassan Burgurgi CEO declined to show the new value but said double-ending to the last rise. Bourgi is established with the product-based product officials in 2020 to close the financial access to the French African countries, where some adults have a bank account. The traditional banks in the region often complete the luxury, the most popular population depends on mobile money, a lower way of using the number to make a financial transaction. Mobile money has been instrumental in developing financial access in Africa. In 2022, 28% of adults at sub-Saharan Africa have a mobile money account, every world bank, and the area is more than half of the total world. But the process also makes the ceiling. Most mobile money platform offers basic services: Cash-in, Cash, transfer P2P, and billing payments. When useful, they do not unlock the financial tool advances like credit, investment, or long-term savings. Exciting your own position between mobile money and traditional banking. Startup offers the accessibility of mobile money with the financial depth of the bank account, the same place of Palmpay made from the Opay and the transition palmpay made for dozens of customers in Nigeria. Target is a large user segment, which is usually a young customer, who has chosen mobile money wallets but still find traditional banks are expensive, outdated, or cannot be spoken. “This user develops,” Bourgle said. “But they don’t want to go where your parents, to institutions with predatory customers and are not adapted to better customers for more complex customers.” Developing Product Suite matches to get since the last coverage, the denicion has increased beyond the PEER-peer transfer and transfer. Ivoian FTCH currently offers a savings savings, investment products – thanks to the first finistric liquid liquid license – and the bank account associated with the bouria seller can increase customer involvement. Like many Neobanks, the denominates attract confirmed users as a secondary account for paying billing bills and mobile in integrating. But it is not recommended, it is more difficult to activate, which shows the larger long term potential. This user is, which makes more than 55% of the basic world, often treating the app as a primary financial service. Bourgi says nine for users who rely on the djamo as the main account of this segment. To achieve more, djamo has applied for hybrid approach, integrating offline agents that meet customers, which are similar to the money models that are more adopted in the continent. Currently, only 5-10% of the djamo user received the wage through the app. “Next phase to us,” he said Burgurg, “figure method move from 10% of our users to pay paid directly to the world.” Meanwhile, the djamo also spoils the service for a small-minded business of 10,000 people who begin as retail users. According to CTO Bamba, Introduction now provides many payments, payment links, and code tools, and QR Code Tool to help traders receiving and regulate direct payments in the app. Faceseth produces profits from traditionrs in buying online card and premium premium plan, which are 25% of the paid user. Bamba add that the company is exploring additional income flow, including loan and achieve interest for customers deposits. This is in the process to ensure the license that will allow offers a good savings account and a very good credit product. Djamo Founder: The company has more 5X incomes from 2022 and processed more than $ 4.5 billion in transactions since launch. With the last expansion to Senegal, the djamo has entered the wave market, one of the largest fintech in Africa known by lower-case transfer of cheap mobile money. But instead of competition immediately, the position of its own digital hometops, which offers digital banking services where users can save funds and more advanced users like savings, investment, and credit. Currently a team of 250 people, a new bet, led by Pan-African, the focused vc capabilities, will help you to apply the service in the French speaking. “We are very happy to lead the biggest VC round on the coast of Ivory,” Fatoumata Bâ, “Fatoumata Bâ,” FATATOUMATA Bâ, “JANNO Chairman. “In areas of less than 25% of adults have access to formal financial services, and where the second woman may not be important, this is an important mission but unlock economy.” Other investors participated in the round includes sanad funds (managed by finance in motion), parcech, oikocredit, cabital use, and y Combinator.
Y Combinator Neobank Dutmo increased $ 17m with a 1m user around African Francoice
