B2B Funds Platform Julaya Raises Extra US$5M Led By Speedinvest
Ivory Coast-based funds firm Julaya has raised a US$5 million extension spherical led by European enterprise capital fund Speedinvest to develop its operations in West Africa.
EQ2 Ventures, Kibo Ventures, angel syndicates Unpopular Ventures and Jedar Capital, in addition to earlier traders Orange Ventures, Saviu, and 50 Companions additionally invested within the spherical.
Julaya is a B2B digital platform that permits firms to ship and acquire funds by a digital account, together with options corresponding to distant money assortment and firm debit playing cards.
Greater than 500 companies together with Africa’s e-commerce large Jumia use Julaya as their digital account to pay their companions and acquire funds.
The most recent financing spherical will allow Julaya to develop within the West African market, open Benin, Togo and Burkina Faso places of work, and enhance product growth.
Since closing its pre-Sequence A funding in June 2021, the corporate has launched its Dakar workplace, added a money assortment characteristic, and noticed transactions and income rising +500% 12 months on 12 months.
“90% of funds are nonetheless made in money on the continent, and Julaya is proud to be a part of the fintech panorama that helps companies be extra profitable,”
stated Mathias Léopoldie, CEO & Co-Founder.
“The potential for Julaya’s expertise goes far past its fee capabilities, having the chance to turn into a detailed banking associate for firms in West Africa.”
stated Enrique Martinez-Haussmann, Principal at Speedinvest.
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