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Financial inclusion: YMO closes a new financing round

03/03/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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Dans son intention d' accélérer le déploiement de ses services de paiement mobile en Afrique de the West and in Europe, the Franco-Guinean start-up YMO has closed ; a new round led by Breega and INCO Ventures.

Créé en 2019, la young Fintech has a clear ambition. Which is to become an African champion of digital finance. Indeed, the new round of financing carried out will allow it to develop outside the French and Guinean borders where it has already succeeded in attracting nearly one million customers. YMO lifted in mid-February after a round table that began eight months ago. Several venture capital investment funds, including Breega and INCO Ventures, have placed their trust in YMO.

For En Marrel, CEO and one of the co-founders of Breega,Breega, a pan-European venture capital fund dedicated to high-impact startups, is proud to support YMO in the deployment of its services and supports this promising young African start-up. We are convinced of the essential role that Fintechs play, in particular in creating added value and in responding to the weaknesses of banking and the financial system in Africa. The support provided to YMO is part of this approach, which is to strengthen its positioning on the market and to be a key player in West Africa.”

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