Djamo, a fast-growing fintech startup from Côte d’Ivoire, has announced it has raised $17 million in fresh funding to expand its digital banking services across Francophone Africa.
The funding round was led by Partech Africa, with strong participation from Enza Capital, Oikocredit, and new strategic investors focused on emerging markets. The raise follows Djamo’s earlier $14 million Series A round in 2023, bringing total investment to over $31 million.
Founded in 2020 by Hassan Bourgi and Régis Bamba, Djamo offers a fully digital banking platform aimed at Africa’s largely underserved middle class. The company provides services such as digital accounts, debit cards, savings products, and salary advances through a sleek mobile app, helping users who traditionally lack access to formal banking systems.
“We’re incredibly proud to close this round with such strong backing,” said Bourgi, CEO of Djamo. “This investment will allow us to deepen our presence in Côte d’Ivoire and expand to new markets, while continuing to build a financial ecosystem that empowers millions across Francophone Africa.”
Currently serving more than 1 million users, Djamo has experienced explosive growth, driven by a young, mobile-first population increasingly demanding more accessible and transparent financial services.
Investors believe Djamo is well-positioned to dominate the nascent digital banking landscape in Francophone Africa, a region historically underserved by both local and international financial institutions.
“Djamo’s customer-centric approach and strong execution make them a standout fintech in Africa,” said Tidjane Dème, General Partner at Partech Africa. “We’re excited to support them as they scale across the region.”
Djamo plans to use the new capital to enhance its product offerings, scale its team, and expand into at least three new West African countries by the end of 2026, including Senegal and Cameroon.
As Africa’s fintech revolution continues to unfold, Djamo’s latest funding underscores growing investor appetite for startups that are not only tapping into massive unmet demand, but also helping shape the future of inclusive banking on the continent.
Read more on Tech Gist Africa:
Hub2, an Ivory Coast fintech startup, has raised $8.5 million in a Series A round of funding
StarNews Mobile, based in the Ivory Coast, has received $3 million in funding
Anka, an e-commerce platform based in the Ivory Coast, has raised $5 million
