Ejara Central Africa, SARL

Ejara Central Africa, SARL, based in Douala, Cameroon, specializes in providing innovative financial services tailored for businesses, enhancing payment solutions across multiple sectors in Africa. Founded in 2019, Ejara Central Africa, SARL focuses on enhancing financial services for African enterprises. The company has completed three deals, with its most recent deal occurring on November 28, 2022, when it raised USD 8. 000 mn in a Series A funding round, co-led by Dragonfly and Anthemis Group.

The founders are Baptiste Andrieux and Nelly Chatue-Diop, with Nelly Chatue-Diop currently serving as CEO. Ejara for Business provides a range of financial services specifically designed for African enterprises, facilitating efficient payment solutions across over 15 countries. The offerings include direct employee payments to bank accounts or mobile money platforms, secure real estate investment payments, and streamlined supplier payment processing. The services cater to small to medium-sized enterprises, large corporations, and individual entrepreneurs, focusing on markets such as Nigeria, Kenya, Ghana, and South Africa.

Ejara for Business generates revenue through transactional fees associated with its payment processing services. Clients utilize the platform for payments including employee salaries, supplier invoices, and real estate investments, creating a transaction-based revenue stream. The pricing structure is based on transaction volumes and specific service offerings, ensuring a reliable payment solution for cross-border transactions. Ejara Central Africa, SARL plans to utilize the USD 8.

000 mn raised in its Series A funding round to expand its product offerings and strengthen its market presence. The company is designing new financial products aimed at enhancing user experience and is targeting expansion into additional African markets by late 2023. Recent funding will support these initiatives, allowing Ejara to further develop its services and reach a broader client base.