Ivory Coast-based cloud communication startup, LAfricaMobile, has successfully raised a US$4.6 million Series A funding round to fuel its expansion across French-speaking Africa.
Established in 2014, LAfricaMobile enables clients to execute large-scale communication campaigns utilizing mobile technologies such as SMS, USSD, voice, WhatsApp, airtime, and text-to-speech.
Having facilitated nearly 100 million transactions, LAfricaMobile has connected over 15 countries and 60 operators. The startup is now set to broaden its operations after securing the US$4.6 million Series A funding round.
The investment round was spearheaded by Janngo Capital, and saw participation from French footballers Aurélien Tchouaméni and Jules Koundé. Additionally, Expensya founders Karim Jouni and Jihed Othmani, along with venture capital firms SouthBridge Investments and Ciwara Capital, also contributed.
With the new funding, LAfricaMobile aims to strengthen its financial standing and accelerate its expansion in French-speaking Africa. The capital will be utilized to enhance the company’s presence in Central Africa and to further invest in its product offerings, particularly through the integration of artificial intelligence to deliver greater value to customers and partners.
“We are impressed by LAfricaMobile’s vision, the calibre of their team, and their technological solutions offering unique services in a vast market,” said Fatoumata Bâ, founder and executive chair of Janngo Capital.
“Their value proposition at the intersection of telecommunications, marketing, and financial services effectively addresses a combined market projected to reach US$150 billion by 2030. We are honoured to lead this funding round as a cornerstone investor to support both the expansion of their offering and geographical footprint, while enhancing the accessibility of local content.”
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