Cameroonian startup OnDjoss, which has developed an instant messaging app which allows inter-operator mobile money transfers, is planning expansion after strong initial uptake at home.
Founded in March 2022, OnDjoss has developed a messaging platform with numerous innovative features, the key one being a payments facility that went live in August.
So far, it has already garnered 300,000 downloads, and facilitated thousands of dollars of money transfers. CEO and Co-founder Kenyo Valdo said the OnDjoss app had received acclaim for its efficiency, security, and ease of use.
“Now, we are eager to expand and dominate our local market,” he said. “We also plan to integrate banks to our platform to widen the scope of transfers.”
Expansion into Central and West Africa is the name of the game now, but to do that OnDjoss, which monetises by charging a transaction fee, is seeking investment to fuel its growth.
“The demand for easy and secure money transfer solutions is rapidly growing, and OnDjoss is poised to capture a significant market share with its innovative approach,” said Valdo.
“We are seeking EUR870,000 (US$950,000) in seed funding to support our growth efforts and developing more features. The funds will be allocated towards marketing, technology enhancements, and market penetration strategies.”
