Grace Ashiru
LAfricaMobile, a cloud communication startup based in Senegal, has successfully secured US$4.6 million in a Series A funding round to accelerate its expansion across French-speaking Africa.
The round saw participation from French footballers Aurélien Tchouaméni and Jules Koundé and was led by Janngo Capital. Additional investments came from VC firms SouthBridge Investments and Ciwara Capital, along with Expensya founders Karim Jouni and Jihed Othmani.
Founded in 2014, LAfricaMobile enables clients to conduct extensive communication campaigns using mobile technologies such as SMS, USSD, voice, WhatsApp, airtime, and text-to-speech.
LAM has forged connections with over 15 countries and 60 operators, resulting in nearly 100 million transactions. Following the successful completion of its US$4.6 million Series A funding round, the company plans to expand its operations.
Fatoumata Bâ, the founder and executive chair of Janngo Capital, expressed her admiration for LAfricaMobile’s vision, the quality of their team, and their technological solutions, which deliver unique services in a substantial market.
“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 honored to lead this funding round as a cornerstone investor to support the expansion of their offerings and geographical reach while enhancing the accessibility of local content,” said Fatoumata Bâ.
LAfricaMobile plans to use the funding to strengthen its financial position and accelerate its expansion in French-speaking Africa.
The funds will be directed towards expanding the company’s operations in Central Africa and further investing in its products, particularly through the integration of artificial intelligence, to provide superior value to its customers and partners.
