Ivory Coast based financial app raised $14m in new funding led by Partech Africa, Enza Capital, and Oikocredit.
“Before Djamo, it was a real challenge for an average customer to receive salaries digitally because they weren’t integrated into the banking system,” CEO Bourgi told TechCrunch over a call. “We found the right partner to launch that product and any company can pay salary to employees with a Djamo account. When you look at Djamo, alongside other products, we want customers to be able to better manage their money and help them plan for their future. We’re not necessarily trying to digitize cash like mobile wallets. We are here to work on the personal finance side.”