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.
Employees
40
Founded
2020
Revenue
$122.4M
Company Stage
Seed
YC Batch
S21
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
How much Jabu raised
1: - $15 million
33 months agoLead Investor: Tiger Global
Who are the founders of Jabu
DA
David Akinin
Founder
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
Company 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
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