FinTech Djamo raised $14 million in an equity co-led by Enza Capital, Oikocredit, and Partech Africa, where Janngo Capital, P1 ventures, Axian, Launch Africa, and other existing investors also participated.
Djamo gives hundreds of millions of people in the region access to simple, affordable, mobile-first banking. Djamo collaborates with regional banks to provide a mobile-first service, delivering a Visa card within two days of opening an account and charging no monthly fees or overdraft fees. This new round of funding will enable the company to expand into new markets and continue to develop a full suite of personal finance services aimed at further empowering its customers throughout the region.