Latest news with #Transsion-owned
Mint
5 days ago
- Mint
Infinix Hot 60i 5G with 6,000mAh battery, MediaTek SoC to launch in India soon: Expect price, specs and more
After the debut of Infinix Hot 60 5G last month, the Transsion-owned brand is now looking to bring in a new variant in the budget-focused lineup called the Hot 60i 5G. Infinix has started teasing the new phone while also revealing its chipset, battery size, colour variants, and various other details. Infinix has confirmed that the Hot 60i 5G will be available to buy from Flipkart and its own website, similar to other Infinix devices sold in the Indian market. The phone is all set to come in four colour variants: Shadow Blue, Monsoon Green, Sleek Black, and Plum Red. As for the design, Infinix seems to have beaten Apple to the punch with the introduction of a pill-shaped horizontal camera module that is rumoured to debut with the iPhone 17 Air. The camera module, along with the use of solid colours by the brand, gives a clean look to the back, followed by Infinix branding at the bottom. While Infinix has not shared a confirmed launch date yet, the budget model is hinted to arrive later this month. Infinix has confirmed that the Hot 60i will be powered by the MediaTek Dimensity 6400 processor in India, which also powers the likes of the realme P3x and Lava Storm Lite. The phone will come with a massive 6,000mAh battery, which the company claims is the biggest in its segment. It will also feature an IP64 rating for water and dust resistance, meaning it can handle splashes and light rainfall but not full submersion. The Hot 60i will have a dual-camera setup on the back, with the primary shooter carrying a 50MP lens and support for LED flash, HDR, and panorama modes. The phone is expected to run on Infinix's XOS 15 based on Android 15. Infinix has also promised a suite of AI features seen in many of its past smartphones, including AI Eraser, AI Extender, AI Call Translation, and Circle to Search. While there is no clarity on pricing yet, the Hot 60i should start around the ₹ 10,000 mark, as anything higher could conflict with the company's own Infinix Note 50x (Review).
Hindustan Times
5 days ago
- Hindustan Times
Infinix Hot 60i 5G mobile: Price in India, specifications, camera, design and more
After unveiling the Hot 60i 4G variant earlier this year, Infinix is preparing to introduce its 5G counterpart to the Indian market. The Transsion-owned brand has begun teasing the upcoming device, which is set to launch later this month, targeting budget-conscious consumers looking for reliable performance and long battery life. Infinix Hot 60i 5G will sport a sleek design with a horizontal camera module housing a dual rear camera setup.(Infinix) Infinix Hot 60i 5G: Launch and Availability While the exact launch date has not been officially confirmed, Infinix has hinted that the Hot 60i 5G will debut before the end of the month. The device will be available for purchase through Flipkart and the company's official website. The pricing is expected to be in line with the 4G variant, with the base 4GB RAM + 128GB storage model likely to be priced under ₹10,000, making it one of the most affordable 5G smartphones in India. Mobile finder: iPhone 17 Air expected to debut next month Infinix Hot 60i 5G: Design and Display The Infinix Hot 60i 5G will sport a sleek design with a horizontal camera module housing a dual rear camera setup. It will be offered in four colour options, Shadow Blue, Monsoon Green, Sleek Black, and Plum Red, catering to varied style preferences. The brand is yet to reveal details about the display size and resolution, but it is expected to feature a large screen suitable for multimedia consumption. Infinix Hot 60i 5G: Performance and Hardware Under the hood, the Hot 60i 5G is tipped to be powered by the MediaTek Dimensity 6400 SoC, promising improved connectivity and performance compared to its 4G predecessor. The smartphone is expected to offer smooth multitasking with up to 4GB RAM and 128GB of internal storage, expandable via microSD. One of the standout features is its massive 6,000mAh battery, which Infinix claims is a first in its price segment for a 5G device. This large battery capacity is aimed at delivering extended usage without frequent recharging, making it ideal for heavy users. Infinix Hot 60i 5G: Camera Setup The Infinix Hot 60i 5G will feature a dual rear camera system, headlined by a 50MP primary sensor. While details on the secondary sensor are limited, the front-facing camera is expected to deliver decent quality for selfies and video calls. Infinix Hot 60i 5G: Software and AI Features Infinix is packing the device with several AI-driven features, including Circle to Search, AI Eraser, AI Extender, AI Call Translation, and AI Wallpaper, enhancing user experience across photography, productivity, and communication. With competitive pricing, a large battery, 5G support, and AI enhancements, the Infinix Hot 60i 5G could emerge as a strong contender in India's entry-level 5G smartphone segment.
Yahoo
03-04-2025
- Business
- Yahoo
Y Combinator neobank Djamo raises $17M with 1M users across Francophone Africa
Djamo is one of several digital banking startups targeting Africa's underbanked. But unlike many that focus on large markets like Nigeria, Egypt, or South Africa, Djamo has carved out a niche in Francophone West Africa, specifically Ivory Coast and more recently Senegal, where it now serves over one million customers. The Y Combinator-backed fintech just raised $17 million to expand its product suite for retail customers and the thousands of small businesses it has onboarded in the last two years. The equity round, the largest ever for an Ivorian startup, surpasses Djamo's $14 million Series A in 2022 and reflects continued investor confidence in its mission to make banking accessible and affordable. Co-founder and CEO Hassan Bourgi declined to share the new valuation but said it has doubled since the last raise. Bourgi founded Djamo with chief product and technical officer Régis Bamba in 2020 to close the financial access gap in French-speaking African countries, where few adults have bank accounts. Traditional banks in the region often cater to the affluent, leaving most of the population reliant on mobile money, a cheaper method that includes using phone numbers to make financial transactions. Mobile money has been instrumental in expanding financial access across Africa. As of 2022, 28% of adults in Sub-Saharan Africa had a mobile money account, per the World Bank, and the region holds more than half of the world's total. But that progress has also created a ceiling. Most mobile money platforms offer basic services: cash-in, cash-out, P2P transfers, and bill payments. While useful, they don't unlock more advanced financial tools like credit, investments, or long-term savings. Djamo is positioning itself between mobile money and traditional banking. The startup offers the accessibility of mobile money with the financial depth of a bank account, a similar playbook that Softbank-backed OPay and Transsion-owned PalmPay have used to scale to tens of millions of customers in Nigeria. Its target is a growing segment of users, mostly younger customers, who've outgrown mobile money wallets but still find traditional banks expensive, outdated, or inaccessible, the founders say. 'These users are evolving,' said Bourgi. 'But they don't want to go where their parents went, into institutions with predatory pricing and aren't adapted to the new generation of customers. And this is what we are building, trying to become the go-to bank for this huge cohort of customers that is evolving now to more complex, wealth-building financing opportunities.' Consumer finance app Djamo eyes Francophone Africa expansion, backed by new $14M round Since our last coverage, Djamo has expanded beyond cards and peer-to-peer transfers. The Ivorian fintech now offers savings vaults, investment products — thanks to the region's first fintech-issued brokerage license — and salary-linked bank accounts, which Bourgi sees as important to boosting customer engagement. Like many neobanks, Djamo attracts banked users who treat it as a secondary account for smoother bill payments and mobile money integration. But it's the unbanked, more difficult to activate, who show greater long-term potential. These users, who make up over 55% of Djamo's base, often treat the app as their primary financial service. Bourgi says nine in ten users who rely on Djamo as their main account come from this segment. To reach more of them, Djamo has adopted a hybrid approach, combining its app with offline agents who meet customers in person to facilitate transactions, similar to the mobile money model now more broadly adopted by fintechs across the continent. Currently, only 5–10% of Djamo users receive salaries through the app. 'The next phase for us,' Bourgi said, 'is figuring out how to move from 10% to 50% of our users getting their salaries paid directly into Djamo.' Meanwhile, Djamo is also ramping up services for small businesses—about 10,000 of them, many of whom started as retail users. According to CTO Bamba, the startup now provides bulk payments, payment links, and QR code tools to help merchants accept and manage payments directly within the app. The fintech generates revenue from merchant fees on online card purchases and a premium tier plan, which 25% of users pay for. Bamba adds that the company is exploring additional revenue streams, including lending and earning interest on customer deposits. It is in the process of securing licenses that will allow it to offer interest-bearing savings accounts and credit products. Djamo's founders say the company has grown revenue 5x since 2022 and processed more than $4.5 billion in transactions since launch. Africa's newest fintech unicorns are winning by keeping their feet on the ground With its recent expansion into Senegal, Djamo has entered a market dominated by Wave, one of Africa's largest fintechs known for low-cost mobile money transfers. But rather than compete directly, Djamo positions itself as a complementary service, offering a digital banking experience where users can store funds and access more advanced tools like savings, investments, and credit. Now a 250-person team, Djamo is betting that its new round of funding, led by pan-African, gender-focused VC Janngo Capital, will help it scale those services across French-speaking Africa. 'We are thrilled to lead the largest VC round in Ivory Coast and double down on Djamo, a mission-driven fintech transforming access to financial services across Francophone West Africa,' said Fatoumata Bâ, founder and executive chair of Janngo Capital. 'In a region where fewer than 25% of adults have access to formal financial services, and where women are twice as likely to be excluded, this is a vital mission. With women making up a third of its users, Djamo is not only closing the gender gap but unlocking economic opportunity at scale.' Other investors participating in the round include SANAD Fund for MSMEs (managed by Finance in Motion), Partech, Oikocredit, Enza Capital, and Y Combinator. Sign in to access your portfolio
