Jabu Analysis: $15M Raised
What is Jabu?
JabuPay describes itself as Africa's cash digitisation platform. The company offers smart safes, digital wallets, card terminals, mobile money collections, and batch disbursements for enterprise payment workflows. Its site says it is trusted by hundreds of enterprises across Zambia, Namibia, Zimbabwe, and South Africa.
Location
Windhoek, Namibia and Zambia
Employees
11-50
Founded
2020
Revenue
$122.4M
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% transaction fee, No onboarding or monthly fees.
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:
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Monyglob: This company provides money remittance services and is recognized as a designated payment system institution in Zambia. While specific details about their digital wallet offerings are limited, they are positioned as a competitor in the cash management space.
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Mytalu Zambia Limited: Mytalu offers a digital wallet that allows users to manage their finances effectively. It provides features for optimizing spending and saving, making it a strong competitor in the personal finance management sector. Mytalu emphasizes user control over finances, which can be a significant advantage for consumers looking for comprehensive financial management tools.
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Pulse: Information on Pulse is currently limited, but it is also recognized in the digital wallet space in Zambia. Further details about their specific offerings and advantages compared to Jabu are needed for a complete analysis.
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Airtel Money, M-Pesa, and MTN Mobile Money: These are major players in the broader African market, including Zambia. They offer extensive mobile money services that allow users to send and receive money, pay bills, and make purchases. Their established user bases and brand recognition provide them with a competitive edge.
Jabu's main advantages include its focus on businesses and the provision of instant cash digitization, which may appeal to enterprises looking for efficient financial transaction solutions.
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 seed round)
- Kli Capital (participated in the seed round)
- Pareto Capital (participated in the seed round)
- Unnamed angel investors
Business Model
Business model focuses on digital cash management; revenue from transaction fees and subscriptions.
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