Regulatory walls in West Africa are notoriously high, but Hassan Bourgi scaled them. In a defining move for the region’s fintech landscape, the Djamo CEO secured a microfinance licence from the Central Bank of West African States (BCEAO), making his company the first fintech in the West African Monetary Union to evolve from a digital wallet to a regulated financial power capable of offering high-yield savings and loans.
This feat was backed by serious capital. Bourgi closed a $17 million equity round led by Janngo.africa and Partech to help expand banking services for consumers and SMEs in Francophone Africa, while simultaneously securing a rare vote of confidence from the state: an 800 million CFA ($1.4 million) injection from Côte d’Ivoire’s sovereign investment arm, CDC-CI, specifically to support its e-money operations.
In April, the company surpassed one million users across Côte d’Ivoire and Senegal, an indication that Bourgi has built the definitive neobank for Francophone Africa—a market often overlooked by global capital but now impossible to ignore.
The Ivorian government agrees, awarding him and his co-founder, Régis Bamba, the Medal of Knight in the Order of Commercial and Industrial Merit for their role in driving the nation’s financial inclusion.








