Summary
Djamo holds a payment institution license from the Central Bank of West African States (BCEAO) in both Ivory Coast (EP.CI.005/2025, granted September 4, 2025) and Senegal (EP.SN.010/2025, granted September 3, 2025). In September 2025, Djamo also secured a microfinance license from BCEAO, allowing it to offer loans, savings accounts with up to 6% annual interest, and investment products. Djamo is in discussions with the BCEAO about a stablecoin sandbox for cross-border remittances, though it has stated it will not offer bitcoin or cryptocurrency trading.
Key Points
- Payment institution license: BCEAO registration EP.CI.005/2025 (Ivory Coast, Sept 4, 2025) and EP.SN.010/2025 (Senegal, Sept 3, 2025)
- Microfinance license: secured September 2025, allows loans, savings (up to 6% APY), and investment products
- Stablecoin sandbox: in discussions with BCEAO for cross-border remittance use; no bitcoin/crypto trading planned
- Partnerships: Ecobank for international payment cards; exploring bank partnership for SME cross-border payments
- Funding to date: $31M equity + $5M debt; targeting $40M Series C
- Valuation: estimated $100M-$500M range (Dealroom)
- 2M users across Ivory Coast and Senegal; 10,000+ SMEs