Jamborow, the blockchain-based fintech stage hoping to offer monetary administrations to the unbanked in Africa, has purportedly raised $400, 000 in front of its Nigeria dispatch.
The new raise from its investors evidently comes only weeks before the startup is relied upon to close a seed financing as it plans to dispatch in new African markets.
The Jamborow biological system influences blockchain by helping little reserve funds bunches like Chamas in Kenya to empower them utilize permanent records to spare and execute. The fintech additionally utilizes brilliant agreements for KYC to locally available clients.
Jamborow is the brainchild of three originators – Moses Onitilo, George Olusegun, and John Kamara, who follow their underlying foundations in Africa having lived and worked in the diaspora for more than 20 years.
In a recent podcast exclusive interview with BitcoinKE, co-founder, Moses Onitilo, narrated the startup’s early beginnings, its vision, and how it seeks to employ blockchain to solve the problem of the unbanked on the African continent.
“Jamborow is a one-stop shop for financial inclusion,” said Onitilo during the interview.
Jamborow has already partnered with a local radio station in Nigeria to offer financial education and help benefit the grassroot community.
The startup has also partnered with Utu, the Kenyan-based, tokenized and decentralized trust infrastructure that is helping companies build on top of its trust engine infrastructure.
Jamborow is expected to go live in late June 2020. It already has partnerships in Nigeria, Tanzania, Kenya and Ivory Coast. In total, the startup claims to have partnerships in at least 7 African countries.