Consumer finance app Djamo eyes Francophone Africa expansion, backed by new $14M round • TechCrunch

Remaining February, Djamo introduced that it were given accepted into Y Combinator, the primary from Ivory Coast. Months later, the two-year-old fintech has raised $14 million in investment from the famed accelerator, in addition to from 3 lead buyers — Enza Capital, Oikocredit and Partech Africa — and different taking part buyers, together with Janngo Capital, P1 Ventures, Axian and Release Africa.

As with maximum fintechs throughout Africa, Djamo, introduced through Régis Bamba and Hassan Bourgi remaining yr, supplies monetary products and services for the underbanked and unbanked inhabitants. Its focal point is on French-speaking markets the place fewer than 25% of adults have financial institution accounts. One explanation why that is so is that banks pay attention to prosperous consumers and the ones they deem successful for industry. However as banks slacked, cellular cash from the area’s telcos crammed within the hole, and within the remaining 10 years, their wallets have reached greater than 60% of the inhabitants — evidence of what number of thousands and thousands of French-speaking natives have been hungry for monetary products and services.

Lately, this cellular cash infrastructure and succeed in permits startups like Djamo to construct upon their present fee infrastructure to democratize monetary get entry to throughout banking and cellular cash spheres. Djamo’s app permits for interoperability between banks and cellular cash, which means that its consumers in Ivory Coast can ship cash from their financial institution accounts to cellular cash wallets, and again; it has leveraged this function to construct a complete suite of economic products and services.

Djamo’s first product is a Visa-powered debit card that we could customers make on-line purchases on websites akin to Amazon, Alibaba, or Netflix. Different merchandise come with digital accounts for peer-to-peer transactions, a product to obtain salaries, and an autosaving product that provides steering into consumers’ monetary objectives. Kuda, Telda, PiggyVest, TymeBank and Koa are a couple of examples of similar merchandise throughout Africa.

“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 advised TechCrunch over a decision. “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 to digitize cash like mobile wallets. We are here to work on the personal finance side.”

Shoppers see such a lot worth within the other use circumstances Djamo has assembled thus far that the fintech nonetheless depends upon phrase of mouth to scale throughout Ivory Coast, in step with Bamba, the corporate’s leader product officer. The platform recently has registered over 500,000 consumers, a greater than 5x build up from the 90,000 consumers Djamo had onboarded as of February 2021.

“In our region, users pay amongst the highest fees in the world but do not always receive adequate service in return and that can be extremely frustrating. The one thing that we want to achieve is to offer a product where customers get real value for their money,” mentioned the CPO. “The app has been growing organically like crazy and to get such numbers in a market like this within a short period, is proof that we’re nailing the overall user experience and building something very relevant for users.”

Whilst they didn’t supply an replace to the 50,000 per month transactions recorded throughout the February interview, the founders say the fintech platform has processed over $400 million since inception. Djamo could also be experiencing a earnings expansion of 20% to twenty-five% month-on-month, spurred through an modification to its pricing plan that features a loose choice and two top rate choices with various products and services: $2/month and $3.5/month. They are saying those choices are 80% inexpensive than different financial institution accounts introduced through monetary establishments — together with microfinance banks that Djamo perspectives as direct festival because of their adoption of virtual channels to supply monetary products and services — in Ivory Coast.

Symbol Credit: Djamo

Bourgi mentioned 60% of Djamo consumers have by no means used a Visa debit card ahead of becoming a member of the platform. It’s a feat the manager government is happy with and deems the most important in Djamo’s bid to make monetary products and services out there to the loads, together with the ones outdoor the Ivory Coast. The $14 million in investment capital, which it claims to be the largest-ever fairness spherical for a startup in Ivory Coast, will assist the startup advance into two different international locations throughout Francophone Africa ahead of the tip of subsequent yr and extend product choices to incorporate investments and lending.

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Tidjane Deme, the overall spouse at Partech Africa, talking at the funding, mentioned, “Francophone Africa offers a large integrated market, with [a] fast-growing demand for frictionless services from a new cohort of digital-native young adults. We are excited to join forces with high-caliber local investors who bring sector and regional expertise to enable Djamo to unlock this opportunity.”

How To Surprise🎁 Your Girlfriend👩‍👧On Her Birthday🎂

If you want to make your girlfriend feel special on her birthday, there are a lot of things that you can do. You don't have to spend a lot of money in order to make her feel loved and appreciated.

In fact, some of the best gifts are ones that come from the heart rather than being expensive or elaborate. Try one of these ideas for making your girlfriend feel special on her birthday:

Do something she has wanted to do for a long time.

Surprise your girlfriend on her birthday by doing something she has wanted to do for a long time.

Here are some ideas:

  • Go for a morning jog with her at the park.
  • Volunteer at the animal shelter together, cleaning cages and feeding dogs or cats. If you have kids, you could also bring them along when they're old enough to help out as well! This will be a great bonding experience for everyone involved!
  • Take her on an adventure in nature like hiking up a mountain or exploring caves nearby (if there are any). It's important that you plan ahead so she doesn't get hurt while trying these activities though! Also, make sure they aren't too strenuous since women tend to not have as much energy as men do even if they look good doing it too 😉

Go somewhere she has always wanted to go.

As a rule of thumb, we suggest that you take your girlfriend somewhere she has always wanted to go, but never had the time. This can be anything from a trip to the beach or concert to an amusement park or weekend getaway at a fancy hotel. The point is for you both to enjoy yourselves and have fun together!

If you want to do something really special for your lady love on her next birthday, book tickets for her favourite band taking over the town in two weeks—but don't tell her about it yet! This will keep her on her toes during their concert date and make her feel loved after all this effort from you!

Take her on an unconventional date.

A unique date can be the perfect way to surprise your girlfriend on her birthday. When you take a girl out for the first time, you have to impress her and show her that you are not just any guy.

If she's never been to the place where you're taking her for dinner or drinks, then it'll definitely leave an impression on your woman.

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You don't have to go overboard with this one; just try something new and exciting! Even if what you choose is not extravagant or expensive, she will appreciate that special effort was made in order for her enjoyment - even more so when she realizes that all other guys wouldn't bother doing such things for their girlfriends' birthdays (or at all).

Get her a thoughtful gift.

When you're looking for the perfect birthday gift for your girlfriend, it's important to keep in mind that she will actually use and appreciate what you get her. A thoughtful gift is one that is special to you, but also something she will appreciate. You can take this a step further by making the gift yourself—this shows that you put a lot of thought into it!

A few ideas:

  • Paint her favourite picture of herself on canvas (or another medium) using watercolours or acrylics
  • Make a scrapbook filled with photos of your favourite memories together and write captions as captions were written back when people still wrote on paper instead of computers (which means they're handwritten)

Spend more time with her than you usually do.

As the saying goes, actions speak louder than words. This is especially true when it comes to your girlfriend of four years who has been feeling neglected lately and has been complaining that she wants more time with you.

Spend more time with her than you usually do. Make sure that each day you spend some quality one-on-one time with her before bedtime so that she knows how much she means to you—and how much fun she can be!

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important for couples to make time for each other even when life gets busy; this can help keep the spark alive in any relationship!

Do something out of the ordinary for the two of you.

  • Do something out of the ordinary for the two of you.
  • Go for a walk in the park, go for a hike, or get a babysitter and go to a movie.
  • Take your girlfriend to an art gallery or museum and look at all the paintings together.
  • Go to an amusement park that she's never been to before (but don't forget her birthday present).
  • Go see a comedian perform live with your girlfriend so that he can make jokes about how old you both are!

Bring her flowers or a small gift when she least expects it.

Flowers are a classic gift that any woman would love to receive on her birthday. The most important thing to know is what kind of flowers she likes best, so do some research and make sure you know your girl's favourite flower before you go out and buy it.

If you're not sure, ask her friends or family members what they think she would like.

Another thing you can do with flowers is getting creative with the presentation. You could wrap them up in cellophane and place them in a small box filled with tissue paper or put them in a vase and bring that to her house.

This can be done by asking the florist for help if you aren't sure how to arrange them yourself!

Don't forget to include a card or note explaining why they're special: "Happy Birthday" or some form of gratitude might be enough depending on how well you know each other at this point (if not yet).

Give her a private dance party.

If you want to surprise your girlfriend on her birthday, then the best way is to invite her over for a private dance party.

You could play some of her favourite songs, or even make up a song that describes how much she means to you. You can even put on some fancy clothes and dance with her. The most important thing is to make it special because after all, this is the woman who has been by your side since the beginning.

If she doesn't like dancing and prefers to sit back and watch others do their thing, then just make sure that she feels comfortable watching from afar before joining the fun!

Bring back an inside joke or happy memory from your relationship.

One of the best ways to surprise her is by bringing back an inside joke or happy memory from your relationship.

The best way to bring back a happy memory is by showing her something that reminds you both of that memory, like photos or videos. You can also share stories about how funny it was, and how much fun you had together.

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For example, if she always laughs when you say “I love dinosaurs” in a really annoying voice, then saying “I love dinosaurs” in your most annoying voice would be a great way to surprise her on her birthday!

You can make your girlfriend feel special without spending too much money

You can make your girlfriend feel special without spending too much money.

Spending time with her and doing something she has always wanted to do is one of the best ways to surprise your girlfriend on her birthday. You can also surprise her by buying her a thoughtful gift.

To make this gift special, you can add a personal touch that not everyone else will have thought of. For example, if your girlfriend likes chocolate then you could buy her some chocolates but add a personal message inside each box so that only they know what it says.


You don’t have to spend a lot of money to show how much you care about your girlfriend. If you want to do something special for her birthday, just think about what she likes and try to make it happen.

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