Jabu Analysis: $15M Raised
What is Jabu?
Jabu provides digital cash management solutions, enabling Zambian businesses to digitize cash, streamline payments, and enhance financial efficiency.
Product Features & Capabilities
- JabuSafe, JabuPay, JabuTap, Instant balance in JabuPay app, Certified smart safe on premises, Comprehensive insurance and security, Licensed Cash-in-Transit pick-ups, Free payments to suppliers, Transaction histories, Business liquidity improvement, Accepts Zambian Mastercard and Visa cards, 1.5% tr
Pricing
- JabuPay: 1.5% transaction fee
- JabuTap: No onboarding fees, No monthly fees, 1.5% transaction fee per transaction
- Monthly service includes:
- Instant balance in JabuPay app
- Certified smart safe on premises
- Comprehensive insurance and security
- Licensed Cash-in-Transit pick-ups
How much Jabu raised
1: - $15 million
33 months agoLead Investor: Tiger Global
Who are the founders of Jabu
DA
David Akinin
Founder
Market Focus
Jabu primarily focuses on the financial technology industry, specifically providing digital wallet solutions and cash management services.
Competitors Overview
Jabu operates in the digital wallet and cash management market in Zambia, facing competition from several notable companies:
- Monyglob: This company provides money remittance services and is recognized as a designated payment system institution in Zambia. While specific details about their di
Investors
- Tiger Global (led the $15 million Series A round)
- Box Group
- Knollwood
- D Global Ventures
- Afore Capital (participated in both seed and Series A rounds)
- Oldslip (participated in the seed round)
- FJ Labs (participated in both seed and Series A rounds)
- Quiet Capital (participated in the se
Business Model
Business model focuses on digital cash management; revenue from transaction fees and subscriptions.
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