Y Combinator (YC) continues to support the development of African startups. This time, the incubator has set its eyes on French-speaking Africa. Consequently, it has selected Djamo, a financial super-app from Ivory Coast. The startup will be the first representative from the country to join YC.
Djamo is taking advantage of the mobile money boom to offer affordable and seamless banking services. The startup targets the 65% of French-speaking African adults who do not have an account. The company is the creation of Hassan Bourgi, an alumnus of redBus, and Régis Bamba, former Product Manager of the MTN group, Cote d’ivoire. The team saw the difficulty in accessing banking services in Côte d’Ivoire as a huge opportunity.
“From day one, we wanted to design a mobile-first platform that could break through into the masses and our combined experience in creating consumer products was very critical for the launch of Djamo,” said Bourgi the CEO of the young shoot.
Read also: Do Accelerator Programmes Really Matter For Startups In Africa?
Djamo offers varied and personalized possibilities, such as online payments for certain services (Amazon, Alibaba, Netflix, etc.) or the provision of VISA debit cards.
Users of the super-app are relieved of the stress of long waits at bank branches. They also benefit from a very attractive pricing policy. Today, Djamo’s customers number stands at 90,000. 50,000 transactions are also processed per month.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer
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