Djamo, a Y Combinator-backed fintech startup, is addressing the banking needs of underbanked populations in Francophone West Africa, particularly in Ivory Coast and Senegal. With over one million customers, the startup has successfully raised $17 million in funding—the largest for an Ivorian startup—to enhance its product suite for retail clients and small businesses. Founded in 2020 by Hassan Bourgi and Régis Bamba, Djamo seeks to close the financial access gap in a region where traditional banks often neglect lower-income customers. The recent investment indicates investor confidence in its mission to democratize banking access.
Djamo is uniquely focused on Francophone West Africa, launching with a vision to bridge the financial gap in regions where bank account ownership is notably low.
With its recent $17 million funding round, Djamo aims to enhance its offerings for retail customers and small businesses, reflecting strong market confidence.
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