Industry: fintech
Sentiment: Positive
Total Articles: 3
Last Article: 2025-04-03 09:00:00+00:00
Djamo, a fintech startup focusing on Francophone West Africa, has raised $17 million to expand its digital banking services. The company serves over 1 million customers in Ivory Coast and Senegal, offering a range of financial products positioned between mobile money and traditional banking.
The African startup ecosystem experienced mixed results in 2024, with funding returning to pre-pandemic levels but facing challenges due to global VC tightening. While some well-funded startups closed down, others pivoted or thrived, highlighting the dual realities of challenges and resilient adaptations in the post-boom tech landscape.
LoftyInc Capital, a prominent African investor, has reached a $43 million first close for its third fund, LoftyInc Alpha. The fund will focus on late-seed and Series A startups across Nigeria, Egypt, Kenya, and Francophone Africa, aiming to address the funding gap between seed and Series A rounds.