Djamo
“Can a Francophone-Africa neobank graduate from a card-and-wallet app into a vertically integrated, multi-licensed financial institution before telco super-apps and incumbent banks close the gap?”
Djamo started in 2019 as a consumer mobile-money + card alternative bridging the gap between mobile money wallets and traditional banks in Francophone West Africa. After Y Combinator (2022) and the $14M Series A, the company layered on an SMB business account and merchant acceptance product. The 2025 $17M raise funded a clear move from neobank to full-stack financial institution: obtaining a microfinance (SFD) license for in-house lending and savings, an AMF-UMOA investment services license for Djamo Invest, and shipping a public Business API — positioning Djamo as the financial OS of Francophone Africa rather than just a card app.