Lowenstein Sandler represented Ejara, Inc., a Delaware-based parent corporation of Ejara SAS, a French company providing blockchain-based financial services throughout Francophone Africa, in its $8 million Series A capital funding round. The round, which was co-led by Anthemis and Dragonfly Capital, brings Ejara’s total fundraise to $10 million to-date and included participation from Mercy Corps Ventures, Coinshares Ventures and Lateral Capital, Circle Ventures, Moonstake, Emurgo, Hashkey Group, BPI France, and Jason Yanowitz, the co-founder of Blockwoks.
Founded in 2020, Ejara offers an investment and savings mobile app for Africa and its Diasporas that allows users to buy cryptocurrencies, earn interest on savings and make instant payments via the lightning network. In addition to connecting its mobile money accounts and accessing crypto, Ejara allows users to make cross-border transactions via stablecoins, resulting in user growth rate multiplying over the last 14 months.
The Lowenstein deal team included Carl J. Hessler, Darren Goodman, Brian A. Silikovitz, Rossie E. Turman III, Kristin V. Taylor, Samy A. Akli, and Chynara Tolubaeva.