In a new development, Ivory Coasts’ Fintech startup Julaya has managed to raise as much as $550,000 in its latest funding round. The funding round was led by angel investors from France.
Julaya is involved in providing digital financial services to small and medium-sized enterprises. The company revealed that it is going to use the fresh funds for further expansion.
The co-founder of the company, Charles Talbot, spoke about the aims of Julaya. He said,
We provide value to businesses with access to various digital financial transactions such as mobile money transfers, airtime top-up, and wire transfers to any banks. The informal sector and SMEs are looking to improve their operations with safer and faster transactions.
According to reports, the company has been backed by some of the most experienced angel investors in the space. Additionally, Julaya has also made collaborations with other Fintech startups to strengthen its position further. Matthias Leopoldie, who is the other co-founder of Julaya, stated that the company would also spend on security features to further stop fraudulent transactions and money laundering.