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Côte d’Ivoire: Top Four Funding Investments in Fintechs in 2021

The Ivorian tech start-up ecosystem is still relatively young. This is also true for the broader start-up ecosystem of the country. Nevertheless, it is showing incredible promise, having more than doubled the number of its hubs and accelerators in the last few years. This has created the required network for start-ups to launch out and scale up.

According to the Africa Developer Ecosystem Report 2021, it is among countries like Tunisia, Algeria, and Senegal categorized as emerging tech ecosystems.

Here are its top four fintechs for funding in 2021.

1. CinetPay: Starting off the list is a mobile money account aggregator platform acting as a hub for different mobile wallets like MTN, Moov Mobile Money and Orange. In existence since 2016, CinetPay is the partner payment solution for your growth. The platform enables users pay without dependence on any particular mobile money account while offering merchants – online and offline – to accept payments of various mobile money wallets. It secured funding to the tune of $2.4 million in a seed round last year to expand sales efforts and increase customer base.

A payment gateway that allows e-merchants and merchants to accept mobile money and other forms of payments in Francophone Africa to boost its sales and marketing efforts across the markets in West and Central Africa.

2. Julaya: Next is the payment solution made for small companies founded in 2018. Julaya is a mobile application for bill payments and money transfers. The users of this five–year-old app can perform mobile money transfers, airtime top ups and wire transfers to any bank in Côte d’Ivoire. A pre-series A round in 2021 saw it raising $2.3 million which will help deepen its penetration in Côte d’Ivoire and expand its products across the West African region.

3. Keiwa: It is the very first accounting app that is designed specifically for the informal sector in Africa. And it can be used by anyone – professionals and non-professionals alike – thus exhibiting its innovativeness. The mobile application allows merchants (small and medium-sized business) to access simple, real-time financial reports just by recording their daily inventory, expenses, revenues, prices and quantity of inventory. Launched in 2019, it secured $1.3 million in a seed funding round two years later.

RELATED POST: Uganda: Top 5 Funding Investments in Fintechs in 2021

4. Djamo: It was founded in 2019 as an app-based expense management platform for individuals. Djamo allows users to track expenses, keep funds aside as savings, manage card payments, and control withdrawals & finances. It also proffers online learning and saving solutions for better finance management. Also, offers prepaid cards for online/offline purchases. It raised $125 in a pre-seed round funding last year.

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