Founded in 2018, Julaya operates a digital payments platform that enables merchants and enterprises to send, receive, and manage funds electronically. The company has secured formal Payment Establishment status from the Central Bank of West African States (BCEAO), allowing it to expand commercially and partner with other regional financial institutions. Julaya currently serves more than 1,000 business clients, ranging from small merchants to large enterprises, demonstrating strong initial market traction. Its core product focuses on streamlining B2B payments, payroll, and supplier disbursements, helping companies move away from cash-based transactions. With fresh capital in hand, Julaya plans to accelerate product development and widen its customer base throughout West Africa. The startup’s financial position has been strengthened by the recent $1.4 million convertible bond, which provides working capital without immediate equity dilution. Future milestones tied to the bond’s conversion terms will incentivize Julaya to translate regulatory success into sustained revenue growth and improved margins.

Total raised

$8M

Funding rounds

4

Latest round

Series A

Latest activity

Sep 2022