YC-backed Ivorian fintech startup, Djamo raises $17m to bank the unbanked
Djamo's Funding and Growth: Ivorian fintech startup Djamo has raised $17 million in seed funding, the largest for an Ivorian startup, to expand its services targeting small businesses and underbanked users in French-speaking Africa. The company aims to bridge the gap between mobile money and traditional banking by offering accessible financial services.
Future Plans and Market Positioning: Djamo plans to enhance its offerings with features like bulk payments and interest-bearing accounts while focusing on user engagement and revenue growth. With over one million customers and a significant portion from the unbanked segment, Djamo is positioning itself as a complementary service to existing mobile money platforms in Senegal.
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Technical Analysis for P2P
Technical Sentiment Analysis for Sentinel (P2P) As of , Sentinel (P2P) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for P2P stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, P2P is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sentinel (P2P) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0000335 | -0.00000222 | 0.0000204 | 0.0000517 | 0.0000743 | 0.000106 | 0.000128 |
| Fibonacci | -0.00000222 | 0.0000184 | 0.0000311 | 0.0000517 | 0.0000723 | 0.000085 | 0.000106 |
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