Djamo Analysis: $14M Raised
What is Djamo?
Djamo is developing a financial super app for West Africa, providing simple, secure, and fully digital money management solutions via mobile devices.
Employees
160
Founded
2020
Revenue
$30.8M - $39.7M
ZoomInfo
Product Features & Capabilities
- Visa-powered debit card, money management services, automated savings, money transfers, expense categorization, budgeting analytics, interoperability between banks and mobile money.
Pricing
- Plan Free: 0 FCFA/month
- Plan Plus: 1,000 FCFA/month
- Plan Premium: 2,000 FCFA/month
How much Djamo raised
1 - $14 million
November 23, 2022Lead Investor: Enza Capital, Oikocredit, Partech Africa, Janngo Capital, P1 Ventures, Y Combinator
Who are the founders of Djamo
HB
Hassan Bourgi
Co-Founder and CEO
RB
Regis Bamba
Co-Founder & CPO/CTO
Market Focus
Djamo primarily focuses on the financial technology (fintech) industry, specifically as a financial super app in West Africa that offers digital solutions for managing money via mobile devices.
Business Model
Revenue from interchange, subscription, and transaction fees; operates a subscription model.
Competitors Overview
Djamo's main competitors in the financial technology market in West Africa include:
- Julaya: This company offers a digital account specifically designed for African entrepreneurs, facilitating bank and mobile money (MoMo) transfers to help manage business finances. Julaya has raised $7.7 mill
Investors
- Y Combinator
- Partech
- Orange Ventures
- Kima Ventures
- The Baobab Network
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