• About
  • Privacy Policy
  • Careers
  • Manage Subscriptions
Thursday, September 28, 2023
TechEconomy
Advertisement
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Apps
      • Gadgets and Appliances
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Podcast
  • TECHECONOMY TV
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Apps
      • Gadgets and Appliances
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Podcast
  • TECHECONOMY TV
No Result
View All Result
Tech | Business | Economy
No Result
View All Result

Home » Julaya Fintech Set to Expand Across West Africa with $5 million Extension Round 

Julaya Fintech Set to Expand Across West Africa with $5 million Extension Round 

Joan Aimuengheuwa by Joan Aimuengheuwa
September 21, 2022
in StartUPs
0
Sifax
Advertisements

Julaya, a fintech company based in Côte d’Ivoire, Senegal and France, has raised a $5 million extension round led by European venture capital fund, Speedinvest, to expand its operations in West Africa.

Julaya is a B2B digital account that enables companies to send and collect payments seamlessly through a digital account. With the Julaya platform, African businesses can make bulk payments through all mobile money channels, process their travel or online expenses with a corporate prepaid card tailored to their needs, and easily import all transactions into their accounting system. 

RelatedPosts

30 Global Startups, Including Five African Ventures, Selected for the Google for Startups Growth Academy: AI for Health Program

Five African Startups, among 30 Global Join Google for Startups AI for Health Growth Academy

September 28, 2023

Enza Capital Secures $58 Million to Deepen Focus on African Tech Startups

September 28, 2023

The platform helps companies to improve operational efficiency by digitizing their payments to multiple unbanked workers and suppliers. Julaya “Cash & Collect” solution allows fast and secured cash collection, especially in the FMCG sector. More than 500 SMBs, startups, large corporates and government institutions, including famous brands such as Africa’s e-commerce giant Jumia, use Julaya as their digital account to pay their partners and collect payments.

The lead investor, Speedinvest already invested in Moove and FairMoney (Nigeria and India) and has six unicorns in its portfolio. EQ2 Ventures, Kibo Ventures, angel syndicates Unpopular Ventures and Jedar Capital, as well as Ivorian business angel Mohamed Diabi and previous investors Orange Ventures, Saviu, and 50 Partners also invested in the round. 

Julaya Fintech Set to Expand Across West Africa with $5 million Extension Round
Julaya Fintech

2021 world’s best Goalkeeper and 2022 Africa Cup of Nations Champion with Senegal, Edouard Mendy also participated in the round as his first participation in Africa. Julaya also received investment from its own CFO and country manager in Senegal.

Ad 16
Advertisements

Proceeds from this financing round will enable Julaya to expand in the West African market, open Benin, Togo and Burkina Faso offices, hire multicultural talents and boost product development.

“African companies are eager to improve their profitability, and digitizing their finances is one of the most important steps for them to grow their business. 90% of payments are still made in cash on the continent, and Julaya is proud to be part of the fintech landscape that helps businesses be more successful,” said Mathias Léopoldie, CEO & co-founder.

“Julaya’s technology is fundamentally changing how companies operate in an increasingly complex payment landscape across Francophone Africa. As we look ahead, the potential for Julaya’s technology goes far beyond its payment capabilities, having the opportunity to become a close banking partner for companies in West Africa,” said Enrique Martinez-Haussmann, Principal at Speedinvest.

“I believe helping companies transition to easy-to-use digital solutions makes a real difference in their daily activities. I’m confident that the talented team at Julaya will play a decisive role in the rise of digital financial solutions in Africa,” added Edouard Mendy.

Since the announcement of Julaya’s pre-Series A funding in June 2021, the fintech launched its Dakar office and extended the features of its product, now enabling African companies to make cash collection. Transactions and revenue have grown +500% year on year.

Advertisements
innovation
AIT
Advertisements
Tags: Edouard MendyJulayaMathias LéopoldieSpeedinvest
ShareTweetSend
Previous Post

Asus Launches 2 Quality Devices – Zenbook 14X OLED, Zenbook 17-Fold

Next Post

Ghana’s SecondSTAX Receives $1.6 Million to Promote Cross-Border Investment Flows

Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Related Posts

30 Global Startups, Including Five African Ventures, Selected for the Google for Startups Growth Academy: AI for Health Program
StartUPs

Five African Startups, among 30 Global Join Google for Startups AI for Health Growth Academy

by Joan Aimuengheuwa
September 28, 2023
0

This initiative aligns with Google's broader vision to support startups and accelerate their growth

Read more
Enza Capital Secures $58 Million to Deepen Focus on African Tech Startups

Enza Capital Secures $58 Million to Deepen Focus on African Tech Startups

September 28, 2023
Genomics Startup 54gene to Shutdown Amid Controversy and Financial Challenges

Genomics Startup 54gene to Shutdown Amid Controversy and Financial Challenges

September 27, 2023
P1 Ventures

P1 Ventures Closes $25 Million of its Second $50 Million to Back Early-stage Startups

September 26, 2023
Kate Steel, Nithio CEO -

Nithio Invests in SunCulture to Drive Solar Irrigation, Farming Innovations Across Africa  

September 26, 2023
Drugstoc, Wins Global Visa Everywhere Initiative 2023

Nigerian Startup, Drugstoc, Wins Global Visa Everywhere Initiative 2023

September 25, 2023
Next Post

Ghana’s SecondSTAX Receives $1.6 Million to Promote Cross-Border Investment Flows

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSLETTER

Subscribe

* indicates required
Techeconomy
Advertisements
Ad 15
Insurance Meet Tech
Advertisements
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
​Sodiq Tijani Toju Africa

Meet Sodiq Tijani, a Product Expert and Entrepreneur Banking the Unbanked

March 2, 2023
Product Led vs Sales Led Business Models

Product Led vs Sales Led Business Models: What Startups Should Know

January 10, 2023
Samsung Galayx A04e - Cheapest Samsung Phones in 2023

Cheapest Samsung Phones in 2023

September 11, 2023
Sodiq Tijani Youcloudpay

How Sodiq Tijani is Empowering African SMEs for Economic Growth

February 9, 2022
Google Cybersecurity Scholarship

Google Recognizes Shortage of Cybersecurity Experts in Africa, Announces Scholarships

22

Ad Dynamo Has Eyes on Nigeria – CEO

19

Digital Marketing in Africa: Bringing Much-Needed Skills to Nigeria’s Youth

16

Ad Dynamo by Aleph Group Launches free Digital Academy

14
Christoper on security issues with X Circles shut down

X (formerly Twitter) Getting Rid of “Circles” Raises New Privacy Concerns

September 28, 2023
Happy 25th Birthday, Google! See Google Innovations

Google’s Silver Jubilee: 25 Pioneering Innovations That Shaped Our World

September 28, 2023
Emirates Engages Experienced Captains

Emirates Engages Experienced Captains to Fly the Airline’s Future Fleet

September 28, 2023
Six Signs You Might Need a Data Analytics Solution for Your Company

Six Signs You Might Need a Data Analytics Solution for Your Company

September 28, 2023

Follow Us

APPLY

Google Opens Applications for ₦75 Million Hustle Academy Fund to Empower Nigerian SMBs
Apply

Google Opens Applications for ₦75 Million Hustle Academy Fund to Empower Nigerian SMBs

by Joan Aimuengheuwa
September 28, 2023
0

₦5 Million will be given to 15 Nigerian small business owners

Read more

WomenPreneurs

Hiring in South Africa by Jessica Hawkey redAcademy
WomenPreneurs

Women in Business: Q&A with Jessica Hawkey, Founder & MD of redAcademy

by Techeconomy
August 22, 2023
0

"Jessica Hawkey is the Managing Director of redAcademy"

Read more

BusinesSENSE For SMEs

Managing Difficult Customer
BusinesSENSE For SMEs

Five Keys to Managing Difficult Customers

by Techeconomy
August 23, 2023
0

You will at one point in your business be confronted with dealing with difficult customers. So, mastering the right strategies...

Read more
  • About Us
  • Career
  • Contact Us
  • Policy

© 2023 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Apps
      • Gadgets and Appliances
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Podcast
  • TECHECONOMY TV

© 2023 Techeconomy - Designed by Opimedia.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.