Fintech Julaya has raised $5 million in an extension round, led by European venture capital funds Speedinvest, EQ2 Ventures and Kibo Ventures. Angel syndicate Unpopular Ventures and Jedar Capital were also involved. Previous investors Orange Ventures and Saviu and 50 Partners also participated.
Julaya, a B2B digital bank account, allows businesses to send and receive payments seamlessly through a digital account. Julaya claims that this funding round will enable them to expand their reach in West Africa, to open offices in Togo, Benin and Burkina Faso and to hire multi-cultural talent to accelerate product development.