Jambo, a multifarious web app all set to take the African social media savvy youngster base by storm has grabbed a whopping 7.5 million dollars through seed finding. It has secured investments from Coinbase Ventures, Delphi Ventures, Three Arrows Capital, and Alameda Research. It already had a solid backing from a bunch of big investors – Do Kwon, Santiago R Santos, and Sandeep N. being the notable ones.
Jambo has no small aspirations with regard to what it wants to achieve in the digital space this year. True to its name, the super app offers a combination of three built-in services – Play and win, decentralized finance, and educational services. CEO Zhang says that their primary target is to get hold of the youngsters in the sub Saharan region and help them learn more about crypto. They also aim at making the job ecosystem more secure by allowing for crypto earnings or payment remittances as incentives for playing/winning in their games.
Zhang however specifies that they are not really a guild because they will not be earning any share from the prizes that are set aside for the winners.
Jambo is gearing us to be the next WeChat – they want to ensure that every African student is able to learn more about finance and becomes smart enough to manage his money. Their services, says Zhang will span into areas limited by DeFI and Pay to Win for now. The plan to use the funding for strengthening operations in the app.