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

The Ivorian payments fiscal exertion (fintech) startup, Julaya, precocious concluded its pre-Series A circular with an further $5 cardinal superior raise. This brings to $7 cardinal the full superior that the fintech startup, which specializes successful business-to-business payments, has raised successful this series.

Senegalese Footballer Édouard Mendy Participates successful the Series

An Ivory Coast-based payments fintech startup, Julaya, precocious concluded its pre-Series A backing circular with an further $5 million, a study has said. With this latest superior raise, Julaya has present raised a full of $7 cardinal successful this backing round.

The backing circular was led by a European task superior money Speedinvest with the information of EQ2 Ventures, Kibo Ventures positive the angel syndicates Unpopular Ventures and Jedar Capital. Existing Julaya investors that besides participated successful this circular see Orange Ventures, Saviu, and 50 Partners. Senegal and English shot nine Chelsea’s goalkeeper, Édouard Mendy besides participated successful the round.

Going Beyond Regular Cards Services

According to his comments published by Techcrunch, Julaya co-founder and main enforcement serviceman (CEO), said the fintech startup’s availing of modular paper services to mobile wealth users successful West Africa has made a difference. Léopoldie, however, shared his thoughts connected wherefore it was important for Julaya to connection services beyond regular paper services.

“Our consciousness oregon strategy with the cards is to supply a afloat scope of service. Because if you person conscionable cards, I don’t deliberation you could physique a large startup with a batch [of] traction arsenic you would like, for example, successful the U.S. The paper outgo industry, but for South Africa, possibly Nigeria and a small spot successful Egypt, is simply a processing 1 and portion you mightiness beryllium capable to turn a concern connected that, it’s astir intolerable successful our portion [Francophone Africa],” Léopoldie reportedly said during an interrogation with Techcrunch.

Concerning Mendy’s information successful Julaya’s pre-Series A round, Léopoldie said helium thought this showed however conscionable acold “ahead of the curve” this goalkeeper is. According to the CEO, Mendy’s being a Senegalese besides helps due to the fact that it inspires different Africans to travel successful his footsteps and go investors.

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