👨🏿🚀TechCabal Daily – Koko runs out of gas | TechCabal
Summary
Djamo plans to raise $40 million in a Series C round to expand across Côte d’Ivoire, Senegal, and the wider WAEMU region. The fintech already serves more than two million users and offers bank-backed cards, current accounts, credit, and remittance services. It is also exploring a stablecoin sandbox with Côte d’Ivoire’s central bank for cross-border payments. The same article also notes that Koko Networks is in insolvency and that buyers are being sought for its patents, software, hardware designs, and manufacturing assets.
Funding
Amount
$40.0M
Total raised
Date
July 9, 2026
Announcement date
Investors
ITWeb
Lead investors
Company
djamo.com
Funded company
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Financial Technology
Mobile Banking Software
SaaS
Linked Companies
Djamo
$10M to $25M