May 12

Paradigm Enters Africa With $30 Million Round for ‘Super App’ Jambo

Jambo, a Congo-based startup building a Web 3 user acquisition platform, has closed a $30 million Series A funding round led by Paradigm, marking the crypto native investing giant’s first investment in Africa.

“We started Jambo last year with the mission to onboard the next million (and potentially billion) African people to Web 3,” wrote James Zhang Jambo CEO and co-founder (along with his sister Alice) in an announcement blog post. “As blockchain and fintech enthusiasts ourselves, we’re bullish on Web 3’s potential to bring prosperity to every corner of Africa, where we are seeing the youthful, educated and smartphone-savvy population already embracing crypto at a rapid clip.”

Source: CoinDest (link opens in a new window)

Finance, Technology