The Franco-Ivorian Julaya raises $ 2m to digitize payments in West Africa. The fintech startup based in France and Côte d'Ivoire has received funding from business angels and venture capital funds to develop its product in West Africa.

Specialized in digital financial services to companies and public institutions, Julaya offers an online platform to pay for mobile money and mobile banking accounts. Their clients range from SMEs to large groups and public treasuries, including famous brands such as e-commerce giant Jumia. The mobile money market is growing hyper-growth throughout Africa. In Côte d'Ivoire, Julaya's first market, 75% of the population has a mobile money account while less than 25% of Ivorians have a bank account. Transaction and customer growth rates are very strong, above 20% per year, and West Africa is the most dynamic region on the continent. Fintech companies received half of africa's venture capital investments in the first half of 2021, making it the most attractive technology sector. Julaya collaborates with phone operators and other fintechs to provide its users with a seamless user experience, often being the first digital experience for its customers in an economy still dominated by cash.