Djamo is a digital financial application that provides users in West Africa with a secure platform to manage their finances, including automated savings, expense tracking, and free money transfers. By eliminating high fees and complex processes associated with traditional banking, Djamo empowers users to take control of their financial lives through a simple mobile interface.
Funding
$13M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In West Africa, many individuals lack access to traditional banking services, facing high fees, complex processes, and limited tools for managing their finances effectively. This exclusion hinders financial inclusion and prevents users from easily saving, tracking expenses, and making secure money transfers.
Solution
Djamo is a digital financial application designed for users in West Africa, providing a secure and user-friendly platform to manage their finances. Through a mobile interface, users can access services such as automated savings via "coffres", expense tracking, and free money transfers. Djamo eliminates many fees associated with traditional banking within the UEMOA zone, offers a VISA card for online and international payments, and connects to all banks and Mobile Money providers in Côte d'Ivoire. The platform also provides a Numéro de réception bancaire (NRB) for receiving salary payments.
Target Audience
Djamo primarily targets individuals in West Africa, particularly in Côte d'Ivoire, who are seeking a convenient and affordable alternative to traditional banking for managing their finances.
Features
- Free virtual VISA card upon account creation
- Physical VISA card available for cash withdrawals and payments worldwide
- Automated savings feature ("coffres") with options for automatic transfers and round-up savings
- Real-time transaction notifications and automatic expense categorization
- Numéro de réception bancaire (NRB) for receiving salary and bank transfers
- Integration with all banks and Mobile Money providers in Côte d'Ivoire
- Card blocking/unblocking feature within the app