Ivorian Fintech Djamo Obtains Microfinance License
The Ivorian fintech company Djamo has obtained its microfinance license from the Central Bank of West African States (BCEAO). The announcement was made on Wednesday, September 11, 2025, by Hassan Bourgi, co-founder and CEO of the company. This license allows the startup to expand its financial services, now offering unlimited current accounts, remunerated savings products with interest rates of up to 6% per annum, and treasury loans of up to 1 million FCFA.
Expansion of Financial Services
The BCEAO plans to launch an interoperable instant payment platform by September 30, 2025, which will connect banks, microfinance institutions, and licensed fintechs in the UEMOA space. This system is expected to facilitate real-time money transfers and strengthen trust in digital financial services.
Background and Previous Services
Before obtaining this license, Djamo already offered digital payment services, fund transfers, and investment solutions via the Regional Stock Exchange (BRVM). Since its creation in 2020 by Hassan Bourgi and Régis Bamba, the startup has been active in Côte d'Ivoire and Senegal. In April 2025, it raised a record $17 million, led by the Janngo.africa fund with the participation of international investors such as Partech, Oikocredit, Enza Capital, and Y Combinator. In February 2025, the Caisse des dépôts et consignations of Côte d'Ivoire had already invested 800 million FCFA (1.2 million USD) in the company.
Growth and Expansion
In five years of activity, Djamo claims to have processed over $4.5 billion in transactions and supported more than 10,000 SMEs in West Africa, with a five-fold increase in revenue since 2022. To consolidate its expansion, the company has recently appointed Elfried Didehia, a former executive at Ecobank and the Cofina group, as the CEO of Djamo Finance.
