Djamo Raises $17 Million Series B and Surpasses One Million Customers Across Francophone Africa

Djamo, the Ivory Coast-based digital banking platform, has raised $17 million in Series B equity funding in a round led by Janngo Capital, with participation from Partech, the SANAD Fund for MSMEs, Oikocredit, Enza Capital and Y Combinator. The raise was announced on 3 April 2025 and coincides with the company crossing one million customers across its Francophone African markets.

Djamo currently operates in Ivory Coast and Senegal, providing mobile banking accounts, debit cards linked to the VISA network, and digital payment services.

USE OF PROCEEDS

The funding will be directed towards expanding Djamo's presence into additional Francophone African markets and deepening the product suite available to existing customers. The company is seeking licences to offer interest-bearing savings accounts and credit products.