 for its series A to allow it to consolidate its financial position and accelerate){kind=link}
LAfricaMobile, has raised €4.3 million ($4.6 millions) for its series A to allow it to consolidate its financial position and accelerate its expansion in French-speaking Africa.
Led by Janngo Capital, the funds will be used to develop the company’s activities in Central Africa and to invest further in its products, in particular by integrating artificial intelligence in order to offer better added value to its customers and partners.
Aurélien Tchouaméni and Jules Koundé of the French Football team, founders of Expensya, Karim Jouni and Jihed Othmani and investment funds SouthBridge Investments and Ciwara Capital participated in the round.
“We are impressed by LAfricaMobile’s vision, the caliber of their team and their technological solutions offering unique services in a huge market. Indeed, their value proposition at the intersection of telecommunications, marketing and financial services efficiently addresses a combined market projected to hit US$150 billion by 2030. We are honored to lead this funding round as a cornerstone investor to support both the expansion of their offering and geographical footprint while improving the accessibility of local content.” stated Fatoumata Bâ, Founder and Executive Chair of Janngo Capital.
With this fundraising, LAfricaMobile is well positioned to continue its rapid and sustainable development in French-speaking Africa.
“This is a decisive step in the development of our company which has already supported more than 300 companies in Africa and established more than 60 partnerships with telecom operators on the continent. Our ambition is to support all companies wherever they are in Africa in their relationship with their customers using mobile technologies,” assures Malick Diouf CEO and Co- founder of LAfricaMobile.