“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.
Djamo discloses Djamo Côte d'Ivoire / Djamo Sénégal (in-house, partnered with UEMOA banking system) as its banking provider, according to the Embedded Finance Index 2026.
Djamo does not disclose a bank charter of its own; its banking services are provided through Djamo Côte d'Ivoire / Djamo Sénégal (in-house, partnered with UEMOA banking system).
Djamo processes payments through Djamo Business API (self-operated), Djamo Charge / Collection API (self-operated), QR code collection (self-operated) and Payment link collection (self-operated).
Djamo's cards are issued through Visa (network) — issuer entity not publicly disclosed.
Djamo's lending and capital products are provided by Djamo Finances (in-house SFD).
Djamo uses Djamo Business API (self-operated, intra-UEMOA XOF) for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 5 layers in Djamo's stack: Payments / PSP (Djamo Business API (self-operated), Djamo Charge / Collection API (self-operated), QR code collection (self-operated) and Payment link collection (self-operated)); Banking / BaaS (Djamo Côte d'Ivoire / Djamo Sénégal (in-house, partnered with UEMOA banking system)); Card issuing (Visa (network) — issuer entity not publicly disclosed); Lending (Djamo Finances (in-house SFD) and Djamo Credit (up to 1,000,000 FCFA consumer microloan)); FX & payouts (Djamo Business API (self-operated, intra-UEMOA XOF)).
Djamo was founded by Hassan Bourgi and Régis Bamba and is founded in 2019, headquartered in Abidjan, Côte d'Ivoire.
Djamo has raised $30M+ in total (latest round: Equity round, April 2025 ($17M)).
Get a read on where your own stack stands against Djamo and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.