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Ivory Coast-Based Payments Fintech Secures $5 Million From Its Pre-Series A Funding Round – Fintech Bitcoin News

The Ivorian funds monetary technology (fintech) startup, Julaya, not too long ago concluded its pre-Series A spherical with a further $5 million capital increase. This brings to $7 million the overall capital that the fintech startup, which makes a speciality of business-to-business funds, has raised on this sequence.

Senegalese Footballer Édouard Mendy Participates within the Series

An Ivory Coast-based funds fintech startup, Julaya, not too long ago concluded its pre-Series A funding spherical with a further $5 million, a report has stated. With this newest capital increase, Julaya has now raised a complete of $7 million on this funding spherical.

The funding spherical was led by a European enterprise capital fund Speedinvest with the participation of EQ2 Ventures, Kibo Ventures plus the angel syndicates Unpopular Ventures and Jedar Capital. Existing Julaya traders that additionally participated on this spherical embrace Orange Ventures, Saviu, and 50 Partners. Senegal and English soccer membership Chelsea’s goalkeeper, Édouard Mendy additionally participated within the spherical.

Going Beyond Regular Cards Services

According to his feedback published by Techcrunch, Julaya co-founder and chief govt officer (CEO), stated the fintech startup’s availing of normal card providers to cell money customers in West Africa has made a distinction. Léopoldie, nonetheless, shared his ideas on why it was vital for Julaya to supply providers past common card providers.

“Our sense or strategy with the cards is to provide a full range of service. Because if you have just cards, I don’t think you could build a great startup with a lot [of] traction as you would like, for example, in the U.S. The card payment industry, except for South Africa, maybe Nigeria and a little bit in Egypt, is a developing one and while you might be able to grow a business on that, it’s almost impossible in our region [Francophone Africa],” Léopoldie reportedly stated throughout an interview with Techcrunch.

Concerning Mendy’s participation in Julaya’s pre-Series A spherical, Léopoldie stated he thought this confirmed how simply far “ahead of the curve” this goalkeeper is. According to the CEO, Mendy’s being a Senegalese additionally helps as a result of it evokes different Africans to observe in his footsteps and develop into traders.

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Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, creator and author. He has written extensively in regards to the financial troubles of some African nations in addition to how digital currencies can present Africans with an escape route.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Editorial picture credit score: Agre man thony roger /

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