The Congo-based cryptocurrency & blockchain (aka web3) start-up raised $7.5 million in seed funding. The company was founded by James Zhang and his sister, also born in the Congo, who saw the opportunity for blockchain-enabled applications in the gaming and education sectors that are becoming increasingly popular in Southeast Asia.
Jambo plans to use the new funds to launch the first iteration of its new super app later this fall that’s now in development by a 60-member team spread across sub-Saharan Africa, Silicon Valley, and Shenzhen.
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The pace of Chinese investment in Africa’s tech sector appears to be heating up anew with a $120 million second funding round, also known as a Series B, for the Nigeria-based fintech company ...
China was the leading source of foreign direct investment in Africa from 2016 to 2020 in terms of both jobs and capital invested, but third behind the United States and France in terms ...
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