Djamo is a mobile-first neobank founded in 2020 to expand financial access across French-speaking Africa, initially focusing on Ivory Coast and recently expanding into Senegal. The app combines the accessibility of mobile money with deeper banking features such as cards, peer-to-peer transfers, savings vaults, investment products (enabled by a fintech-issued brokerage license), and salary-linked accounts. Djamo also serves small businesses with bulk payments, payment links and QR code tools, and counts roughly 10,000 merchants among its users. The company reports over 1 million customers, that more than 55% of its base are previously unbanked users, a 250-person team, and that it has processed more than $4.5 billion in transactions since launch. Revenue has grown 5x since 2022, and 25% of users pay for a premium tier; Djamo generates income from merchant fees and premium subscriptions and is exploring lending and interest-bearing savings as additional revenue streams. The startup is pursuing licenses to offer interest-bearing accounts and credit and uses a hybrid model of app services plus offline agents to reach harder-to-activate customers. Djamo is a fintech building a financial super app for underbanked consumers in Francophone Africa, offering a Visa-powered debit card, virtual accounts, a salary receipt product and an autosaving feature. Launched last year by Régis Bamba and Hassan Bourgi, the platform enables interoperability between banks and mobile money wallets, allowing transfers between bank accounts and mobile money. The app has registered over 500,000 customers (up from 90,000 in Feb 2021) and has processed over $400 million since inception. Djamo reports revenue growth of 20%–25% month-on-month and operates a freemium pricing model with $2 and $3.50 monthly premium tiers that it says are ~80% cheaper than competing bank accounts in Ivory Coast. The company says 60% of customers had never used a Visa debit card before joining and that growth has been largely organic via word of mouth. With the new funding Djamo plans to expand into two other Francophone African countries before the end of next year and to add investments and lending products. Djamo builds a mobile-first financial super app aimed at expanding affordable banking access across Francophone Africa, with a focus on better front-end experiences and faster customer service. The product offers Visa debit cards with a zero-fee tier and a premium plan around $4 per month for higher limits. Founders Hassan Bourgi and Régis Bamba designed tailored layers to serve different user needs and to enable payments for services like Amazon, Alibaba and Netflix. Djamo claims about 90,000 registered users and processes over 50,000 transactions monthly. The company raised a $350,000 pre-seed in June 2019 from private investors and later received backing from Y Combinator. Operationally, Djamo routes between payment providers to keep services running and built an in-house delivery app and agent network to deliver cards quickly. After YC, Djamo is set to participate in Visa’s Fintech Fast Track program to leverage Visa’s network for new payment experiences.

Total raised

$31M

Funding rounds

3

Latest round

Equity

Latest activity

Apr 2025