Acumen Invests in Ghanaian Agritech Startup Wami Agro to Support Smallholder Farmers
Acumen has invested in Wami Agro, a Ghanaian agritech startup.
February 21, 2025
New Investments
Ivorian Fintech Djamo Raises $17 Million to Expand Financial Services in Francophone Africa
Ivorian fintech company Djamo has raised $17 million in a new funding round to expand its financial services across Francophone Africa.
The startup, which currently serves over 1 million users in Côte d’Ivoire and Senegal, is working to close the gap between mobile money services and traditional banking.
Founded in 2020 by Hassan Bourgi and Régis Bamba, Djamo was created to improve access to financial services in French-speaking West Africa, where many people remain underserved by traditional banks.
Founded in 2020 by Hassan Bourgi and Régis Bamba, Djamo was created to improve access to financial services in French-speaking West Africa, where many people remain underserved by traditional banks.
These institutions often focus on wealthier clients, leaving a large segment of the population reliant on basic mobile money platforms.
Djamo offers an inclusive alternative. Its services include peer-to-peer transfers, payment cards, savings options, and investment products.
Djamo offers an inclusive alternative. Its services include peer-to-peer transfers, payment cards, savings options, and investment products.
The company also holds the region’s first fintech-issued brokerage license, allowing it to provide investment opportunities that were previously out of reach for many in the region.
The $17 million funding round was led by Janngo Capital, with participation from the SANAD Fund for MSMEs, Partech, Oikocredit, Enza Capital, and Y Combinator.
The $17 million funding round was led by Janngo Capital, with participation from the SANAD Fund for MSMEs, Partech, Oikocredit, Enza Capital, and Y Combinator.
This latest investment is the largest ever secured by a startup in Côte d’Ivoire, surpassing Djamo’s $14 million Series A round in 2022.
The funding will support Djamo’s plans to enhance its services and expand to new markets within Francophone Africa.
The funding will support Djamo’s plans to enhance its services and expand to new markets within Francophone Africa.
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
EBRD Invests $80 Million in North Africa Fund to Support Local Businesses
The European Bank for Reconstruction and Development (EBRD) has pledged up to US $80 million as a founding investor in the North Africa Fund III (NAF III).This fund is managed by RMBV.
August 2, 2025
IFC Proposes $6 Million Equity Investment in Catalyst Fund to Drive Growth of Africa’s Climate-Tech Startups
The International Finance Corporation (IFC) is considering an equity commitment of up to $6 million to Catalyst Fund, a climate-technology venture vehicle targeting $40 million for early-stage investments across Africa.
October 9, 2025