Jambo is building a Web3 super app to educate, bank and entertain the African continent, positioning itself as a bridge between Africa and global Web3 applications. The company raised $30M in a Series A to fund expansion and product development. It plans to double its team across Africa by the end of the year and expand into 15+ additional cities within the same timeframe. Jambo aims to recruit engineers to build app features enabling Africans to trade crypto, buy and sell NFTs, play-to-earn games, and access top global Web3 applications. The company also targets growing its educational footprint with a goal of over 200K active community members, students, and ambassadors affiliated with its educational efforts. Jambo is led by Alice and James Zhang and is based in Congo. Jambo builds a "web3 super app" for Africa that combines education, play-to-earn games, tokenized ad rewards and discounted airtime/data to drive web3 user acquisition. The company offers a learn-play-earn pathway, including a curated 10-week web3 curriculum deployed in colleges and 600+ physical partner locations. Jambo partners with telecoms to sell airtime and data at steep discounts and with social platforms to tokenize portions of advertising budgets to pay end users. It is testing over 10 play-to-earn games and says it will not take cuts from users’ game earnings; its revenue model relies on advertising and commissions from airtime/data sales. Operative metrics cited in the articles include a 60-person team across sub‑Saharan Africa, Santa Clara and Shenzhen, and more than 12,000 students signed up across 14 African countries. The company was founded in November 2021 and expects a beta by Q2 and a full launch in Q3.

Total raised

$38M

Funding rounds

2

Latest round

Series A

Latest activity

May 2022