Djamo and Khazna Among African Fintechs Raising Major Rounds in H1 2025

In the first half of 2025, Africa’s fintech sector saw some standout performances — notably from Djamo (Côte d’Ivoire) and Khazna (Egypt). These two rising stars closed major funding rounds, underlining renewed investor confidence in inclusive finance and digital banking across the continent. Techawk+4Business Elites Africa+4Dabafinance+4

Djamo raised $17 million in equity funding in April, marking the largest ever venture round for an Ivorian startup. Lead investor was Janngo Capital, joined by SANAD Fund, Partech Africa, Oikocredit, Enza Capital, and YC. Dabafinance+2Business Elites Africa+2 The startup intends to use the capital to scale its digital banking services across Francophone West Africa, targeting individuals and small businesses that are underserved by traditional banks. Djamo already has over one million users in Côte d’Ivoire and Senegal. Dabafinance+1

Meanwhile, Khazna secured $16 million pre-Series B funding in early 2025. The round was backed by prominent investors including SANAD Fund, Speedinvest, Quona Capital, and others. FinTech Magazine+2Disrupt Africa+2 Khazna has evolved from an earned wage access platform into a multi-product financial super-app, offering bill payments, BNPL (buy now, pay later), microloans, and credit services. It has crossed 500,000 active users and is laying plans to expand both its product offerings and its geographic reach—in particular, entering Saudi Arabia. FinTech Magazine+2Nairametrics+2

These moves are part of a broader trend: fintech dominated Africa’s startup funding in H1 2025, capturing roughly 45-50% of disclosed investment. Market News Nigeria+3Businessday NG+3Nairametrics+3 Djamo and Khazna are emblematic of fintech firms that are combining strong user growth with expanding services, setting the stage for competition among incumbents and new entrants alike.

For Tech Info Africa’s readers, the message is clear: fintech is no longer just payments and mobile money—it’s comprehensive financial empowerment. As these companies build, expand, and compete, the ecosystem strengthens: more inclusive, more resilient, and more ambitious.