The audacious rise of Djamo, Africa's trailblazing neobank, boasting of $17M funding and a solid user base of 1M across Francophone Africa.

In an exciting show of progress for African fintech, neobank Djamo has recently hit significant milestones. Not only has the Y Combinator-backed startup raised a hefty $17M in funding, it has also amassed a user base of 1 million across Francophone Africa. A clear reiteration of the growing acceptance of neobanks, which represent the new generation of fully digital banks, in developing regions.

The fast-paced growth of Djamo points towards the vast potential of Africa’s fintech market, much of which remains untapped. By reaching a large, largely unbanked, population, the startup is writing a new narrative for banking in Francophone Africa. This consolidation of their position means they’re not simply a new player, but a significant one - a true game-changer in the African banking scene.