Move underlines West Africa's growing economic clout as mobile money platform reaches 40 million users.

Janngo Capital, which recently received backing from Tunisian fund of funds Anava, was joined by key strategic co-investors, including US-based firms Renew and Village Capital.

The investment round was led by venture capital firm Creandum, with participation from Janngo.africa and existing investors such as Y Combinator, Firstminute Capital, 4Cities, The Raba Partnership, Kara Investments, Algorithmic Strategies, Rebel Fund, Maiora, and Pioneer Fund.

Building on the success of Temtem ONE, founder Kamel Haddar is expanding his impact on the African tech landscape with Code213. The edtech startup has already trained thousands in just two years of existence.