Djamo
- Company typePrivate
- Founded2020
- HeadquartersAbidjan
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Djamo does
Djamo is a mobile-first digital banking platform founded in 2020 in Abidjan, Côte d'Ivoire, by Hassan Bourgi and Régis Bamba. The company operates as a multi-licensed neobank across the UEMOA monetary zone through partnerships with BGFIBank and Ecobank for card issuance, an AMF-UMOA business introducer license via subsidiary Djamo Invest for investment products, and a 2025 microfinance license via Djamo Finances. Its technology stack centers on a self-serve mobile application (iOS, Android, Huawei) with native integration to the BCEAO PI-SPI interoperability system, Mobile Money wallets, billers, and Visa's global acceptance network, enabling features such as instant IBAN generation, free UEMOA-wide transfers, and 6% interest-bearing savings accounts.
Djamo serves unbanked and underbanked individuals in Francophone West Africa with a product suite that includes current accounts, Visa prepaid cards, savings, credit (up to 1,000,000 FCFA), BRVM investment access, and free bill payments. The business segment targets SMEs with a web-based business account offering mass payments, QR-code payment collection, and an API for developer integration. Revenue is generated through a mix of transaction fees (0.5% on API transfers, 1% on payment collection, 1.5-2.5% on card deposits), Visa interchange, interest spread on savings balances, and a Premium subscription (2,000 FCFA/month) for Visa Platinum benefits. Distribution is exclusively digital with no physical branches, supplemented by QR-code card pickup points.
As of 2025 the company reports over 1.5 million users, 10,000+ businesses, 250+ employees, and more than $4.5 billion in cumulative transaction volume. Djamo has raised approximately $31 million across multiple rounds, including a $17 million Series B in April 2025 (the largest funding round ever for an Ivorian startup), with backing from Y Combinator, Enza Capital, Oikocredit, Partech Africa, Janngo, and SANAD Fund.
Djamo firmographics
Firmographics- Name
- Djamo
- Legal name
- Djamo Inc
- Website
- https://djamo.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Djamo industry classification
Industry- Product category
- Digital Banking
- NAICS
- Credit Card Issuing (522210)
- SIC
- Personal Credit Institutions (6141)
- akta.pro primary industry
- Prepaid Card Program Managers & Issuers (BIN Sponsors) (FSAMANAK)
- akta.pro secondary industry
- Open-Loop Prepaid Cards (Network-Branded) (FSAMANAA)
Keywords
Where Djamo is headquartered
LocationHeadquarters
- HQ city
- Abidjan
Offices3 records
Markets served
Djamo business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- API and Transfer Fees: Transaction fees charged on API transfers (0.5%) and payment collection services (1% for QR code and link-based collection)
- Interest Income on Savings: Earns interest spread on savings balances held, with 6% paid to customers on savings accounts
- Interchange Fees: Visa co-branded card generates interchange fees on every transaction made with the card
- Premium Subscription: Djamo Premium tier at 2,000 F/month provides Visa Platinum benefits including travel discounts and international protections
- International Card Deposits: Fee of 2.5% on deposits from Euro zone cards, 1.5% from UEMOA cards
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free Personal Account - Essential banking services at no cost |
| Subscription | Monthly | Premium Personal Account - Visa Platinum with travel and shopping perks |
| Transaction based/ take rate | Pay-as-you-go | Card Deposit Fees - Top up from external cards |
| Transaction based/ take rate | Pay-as-you-go | Business API - Transfer and collection services |
| Freemium | Monthly | Business Web App - Account and basic services |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Djamo product offering
Product offeringCore offering
Djamo is a mobile-first digital banking platform offering personal and business banking services across Francophone Africa (Côte d'Ivoire and Senegal). Its core offering includes free current accounts with instant IBAN, interest-bearing savings accounts (up to 6% annually), Visa prepaid cards, instant UEMOA transfers, bill payments, short-term credit, regional stock market investments via BRVM, and business banking APIs for payment collection and mass transfers.
Product overview
Djamo is a mobile-first digital banking platform offering a comprehensive suite of financial services across Francophone Africa. The platform operates as a unified mobile application with personal and business banking products. Personal services include: Current Account (Compte Courant) with free IBAN and instant salary receipt, Savings Account (Compte Épargne) with up to 6% annual interest, Credit facilities up to 1,000,000 F, Djamo Invest for regional market investments, Visa prepaid cards (virtual and physical), instant UEMOA transfers, and free bill payments. Business offerings include: Business Account with mass payment capabilities, Payment Collection via QR code or links, and a Business API for system integration. In Senegal, the platform offers Savings Pockets for goal-based savings. All services are 100% mobile, regulated by BCEAO, and connected to the PI-SPI interoperability network. The company serves over 1.5 million users across Côte d'Ivoire and Senegal.
Differentiator
Problem solved
Functional benefit
Products and services
- Compte Courant (Current Account) A full-featured current account with free instant IBAN, zero maintenance fees, free ATM withdrawals across UEMOA, and instant salary receipt. Includes budget tracking, spending categorization, and subscription management for individual consumers.
- Compte Épargne (Savings Account) Interest-bearing savings account offering up to 6% per annum, paid monthly, BCEAO-regulated. Flexible lock-in periods from flexible (3.5%) to 1 year (6%) with a minimum deposit of 1,000 F.
- Crédit (Credit/Loan) Short-term credit facility allowing users to borrow up to 1,000,000 F with transparent terms. Includes in-app credit score tracking and repayment status visibility for individual borrowers.
- Djamo Invest (Investment) Digital investment platform providing access to FCP (investment funds) on UMOA markets via the BRVM stock exchange. Licensed by AMF-UMOA as a business introducer for investment products.
- Carte Visa Djamo (Visa Card) Co-branded Visa prepaid card issued by BGFIBank or Ecobank, available as instant virtual card or physical card. Accepted worldwide for online and in-store payments and ATM withdrawals, with optional Premium tier (2,000 F/month) offering Visa Platinum benefits.
- Transferts (Money Transfers) Instant money transfer service to any bank or Mobile Money account in the UEMOA zone. Free and instant between Djamo users; connected to BCEAO PI-SPI for universal interoperability with Orange Money, MTN Money, Wave, and Moov Money.
- Factures (Bill Payments) Free bill payment service for utilities and services. In Côte d'Ivoire: CIE (electricity), SODECI (water), Canal+. In Senegal: Senelec, Woyofal, SDE/SEN'EAU. Allows direct in-app payment without fees.
- Compte Business (Business Account) Business banking solution for entrepreneurs and SMEs featuring free account opening and maintenance, free bank transfers from web app including mass payment capabilities for payroll and supplier payments.
- Collecte de Paiement (Payment Collection) Business service enabling merchants to collect payments from customers via QR code or payment link, with fees of 1% per transaction.
- Djamo API Business API allowing third-party systems to integrate Djamo's payment and transfer services. Supports unit and mass transfers (0.5% fee per transaction) and payment collection (1% fee per transaction) for automated financial operations.
Quantifiable outcome
- Salary received 1 day after transfer vs 2-3 business days at traditional banks
- +3 more outcomes
Companies that use Djamo
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Djamo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
Feature5 records
Djamo partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- AMF-UMOA (Autorité des Marchés Financiers)coreRegional financial markets authority that licensed Djamo Invest as a business introducer, enabling investment product offerings on the BRVM.
- BGFIBank Côte d'IvoirecoreLicensed banking partner issuing Djamo Visa co-branded cards. Provides regulatory framework and banking infrastructure for the neobank operations.
- Ecobank Côte d'IvoirecoreLicensed banking partner issuing Djamo Visa co-branded cards alongside BGFIBank.
- BCEAO (Banque Centrale des États de l'Afrique de l'Ouest)coreCentral Bank of West African States providing regulatory oversight, BCEAO PI-SPI interoperability system for UEMOA payments, and standards for savings protection.
Scale indicators6 records
Recent moves11 records
Expansion highlights6 records
Djamo competitors and assessment
Company assessmentDirect peers
- Wave: Wave operates a mobile money and digital financial services platform across UEMOA, including Senegal where Djamo recently launched. It is a direct competitor in mobile-first P2P transfers, payments, and merchant collection.
- Orange Money Africa: Orange Money is a dominant mobile money platform operating across Francophone Africa including Côte d'Ivoire and Senegal. It competes directly with Djamo on transfers, bill payments, and merchant collection in the same UEMOA markets.
- MTN MoMo: MTN's mobile money wallet operates across multiple West and Central African markets and is integrated with Djamo via PI-SPI. It is a direct peer in mobile money, transfers, and digital payments serving unbanked populations.
- Moov Money: Moov Africa operates mobile money services across multiple UEMOA countries including Côte d'Ivoire. It is integrated with Djamo via PI-SPI and competes directly on transfers and bill payments.
Broad incumbents
- Ecobank Mobile: Ecobank is both Djamo's card-issuing partner and a competitor through its own digital banking app across West Africa. It competes on accounts, cards, and transfers with broader geographic reach than Djamo.
- BGFIBank: BGFIBank is Djamo's card-issuing partner and a regional banking incumbent in Central and West Africa. It offers its own digital banking services, making it both a partner and competitive incumbent.
- M-Pesa: M-Pesa is the dominant African mobile money platform with operations in several African markets. It is a broad incumbent comparable in mobile money, payments, and serving underbanked populations at continental scale.
Regional players
- Chipper Cash: Chipper Cash is a pan-African digital payments platform operating across multiple African markets. It is a comparable African fintech focused on cross-border transfers and payments, though its footprint skews more Anglophone.
- FairMoney: FairMoney is a digital consumer lender and neobank in Nigeria and other African markets. It is comparable in offering mobile-first consumer credit and digital banking to underserved customers, though focused more on lending.
- Kuda Bank: Kuda is a mobile-first digital bank serving Nigerian consumers and SMEs. It is comparable as an African neobank targeting unbanked/underbanked users with free accounts, cards, and transfers, though focused on Nigeria rather than Francophone Africa.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Djamo social profiles
Digital presenceDjamo compliance and trust
Trust signalCompliance4 records
Djamo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Djamo leadership team
Management profileNumber of profiles
Profiles3 records
Djamo subsidiaries and ownership
Company hierarchySubsidiaries3 records
Djamo funding detail
Funding detailFunding overview
Funding rounds8 records
Investors13 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Djamo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Djamo
What does Djamo do?
Djamo is a mobile-first digital banking platform offering personal and business banking services across Francophone Africa (Côte d'Ivoire and Senegal). Its core offering includes free current accounts with instant IBAN, interest-bearing savings accounts (up to 6% annually), Visa prepaid cards, instant UEMOA transfers, bill payments, short-term credit, regional stock market investments via BRVM, and business banking APIs for payment collection and mass transfers.
Is Djamo a public or private company?
Djamo is a private company. It is classified as venture growth investor backed and is currently operating.
When was Djamo founded?
Djamo was founded in 2020. It employs 101 to 250 people.
Where is Djamo based?
Djamo is headquartered in Abidjan.
How does Djamo make money?
Five revenue lines are on record. API and Transfer Fees are the primary driver. The others are interest Income on Savings, interchange Fees, premium Subscription and international Card Deposits.
Who are Djamo's main competitors?
Direct peers on record are Wave, Orange Money Africa, MTN MoMo and Moov Money. Broad incumbents are Ecobank Mobile, BGFIBank and M-Pesa. Regional players are Chipper Cash, FairMoney and Kuda Bank.
Does Djamo have an API?
Yes. Djamo offers a Business API that allows businesses to integrate Djamo's payment and financial services into their own systems. The API supports transfer operations (unit and mass payments via API at 0.5% fee) and payment collection via API at 1% fee. The service is targeted at businesses and developers looking to automate financial operations. Developer documentation is at www.djamo.com/en-ci/api.
What industry is Djamo in?
Djamo's product category is Digital Banking. Its primary akta.pro industry code is FSAMANAK, Prepaid Card Program Managers & Issuers (BIN Sponsors), with a secondary code of FSAMANAA, Open-Loop Prepaid Cards (Network-Branded). Its NAICS code is 522210 and its SIC code is 6141.