Senegalese company LAfricaMobile Successfully Secures $4.6 Million in Series A Investments for Cloud Communication Enhancement
LAfricaMobile, a cloud communication startup based in Senegal, has successfully raised $4.6 million in a Series A funding round. This round was led by Janngo Capital, with participation from SouthBridge Investments, Ciwara Capital, and several other prominent investors, including the founders of Expensya, Karim Jouni and Jihed Othmani, and French footballers Aurelien Tchouameini and Jules Kounde.
Founded in 2014, LAfricaMobile has established connections with over 15 countries and 60 operators, resulting in nearly 100 million transactions. The startup enables clients to conduct extensive communication campaigns using mobile technologies.
The funds raised will be directed towards expanding the company's operations in Central Africa, particularly in Cameroon, Gabon, and the Republic of Congo. Additionally, the funds will be used to further invest in LAfricaMobile's products, particularly through the integration of artificial intelligence, to provide superior value to its customers and partners.
Fatoumata Ba, the founder and executive chair of Janngo Capital, has expressed admiration for LAfricaMobile's vision, team, and technological solutions. She stated that LAfricaMobile's value proposition at the intersection of telecommunications, marketing, and financial services effectively addresses a combined market projected to reach $150 billion by 2030.
Ba further expressed that she is honored to lead this funding round as a cornerstone investor to support the expansion of LAfricaMobile's offerings and geographical reach while enhancing the accessibility of local content.
With this successful funding round, LAfricaMobile plans to strengthen its financial position and accelerate its expansion in French-speaking Africa. The startup aims to continue providing innovative solutions that leverage mobile technologies to connect businesses and individuals, and contribute to the digital transformation of the continent.
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