YC-backed Ivorian fintech startup, Djamo raises $17m to bank the unbanked

Djamo's Funding and Growth: Ivorian fintech startup Djamo has raised $17 million in seed funding, the largest for an Ivorian startup, to expand its services targeting small businesses and underbanked users in French-speaking Africa. The company aims to bridge the gap between mobile money and traditional banking by offering accessible financial services.

Future Plans and Market Positioning: Djamo plans to enhance its offerings with features like bulk payments and interest-bearing accounts while focusing on user engagement and revenue growth. With over one million customers and a significant portion from the unbanked segment, Djamo is positioning itself as a complementary service to existing mobile money platforms in Senegal.