Ivory Coast-based cloud communication startup LAfricaMobile has raised a US$4.6 million Series A round of funding to accelerate its expansion across French-speaking Africa. Founded in 2014, LAfricaMobile allows clients to carry out large-scale communication campaigns using mobile technologies like SMS, USSD, voice, WhatsApp, airtime and text-to-speech. With nearly 100 million transactions, LAM has connected more than 15 countries and 60 operators, and it is now planning on expanding its operations after closing its US$4.6 million Series A round. LAfricaMobile will use the funding to consolidate its financial position and accelerate its expansion in French-speaking Africa. We are honoured to lead this funding round as a cornerstone investor to support both the expansion of their offering and geographical footprint while improving the accessibility of local content.”

Source: The North Africa Journal June 06, 2024 09:25 UTC