In its growth dynamic, LAfricaMobile has raised financing of 4.3 million euros. A sum that will allow us to gain momentum.
This is an important step that LAfricaMobile, a company specializing in cloud communication and mobile marketing, has taken. Indeed, during the launch of GITEX AFRICA, the Meeting of Francophone Entrepreneurs (REF) and the African CIO Awards, LAfricaMobile, which actively participates in these three events, announced a fundraising of €4.3 million (4. $6 million) for its series A. “This fundraising will allow LAfricaMobile to consolidate its financial position and accelerate its expansion in French-speaking Africa. The funds will be used to develop the company’s activities in Central Africa and to invest further in its products, in particular by integrating artificial intelligence in order to offer better added value to its customers and partners”, indicated Malick DIOUF CEO and Co-founder of LAfricaMobile.
This round table, led by Janngo Capital, brought together the participation of several leading investors such as the vice-world champions, Aurélien Tchouaméni and Jules Koundé of the French Football team, the brilliant founders of Expensya, Karim Jouni and Jihed Othmani and the investment funds SouthBridge Investments and Ciwara Capital.
Investors’ confidence in LAfricaMobile’s strategy and growth potential demonstrates the strength of the company and its promising prospects in French-speaking Africa. Fatoumata Bâ, Founder and Executive President of Janngo Capital, does not hide her satisfaction. “We were convinced by LAfricaMobile’s vision, the quality of their team and their technological solution offering unique services in a particularly promising market. Their value proposition, at the intersection of financial services, telecommunications and marketing, allows them to effectively address a market estimated at nearly US$150 billion by 2030. We are proud to lead this funding round as as a leading investor in order to support a double expansion of their offer and their countries of operation while guaranteeing better accessibility of content in local languages,” she said.
Along the same lines, Karim Jouini, Founder of Expensya, indicated that entrepreneurs like Malick have the capacity to transform African markets as well as local innovation. With this fundraising, LAfricaMobile is well positioned to continue its rapid and sustainable development in French-speaking Africa. “This is a decisive step in the development of our company which has already supported more than 300 companies in Africa and established more than 60 partnerships with telecom operators on the continent. Our ambition is to support all companies wherever they are in Africa in their relationship with their customers using mobile technologies. » assures Malick Diouf.
“At SouthBridge Investments, we support companies that make a unique contribution to advancing the digital economy with solutions at scale. LAM has not only demonstrated that it can do this in one country, but through its dynamic leadership, it is paving the way for scaling solutions in other geographies,” added Frannie Lauthier, CEO of Southbridge Investments, Partner.
