Jambo has announced the completion of a $7.5 million funding round.
The “super-app” attempts to lower the barrier to entry for young Africans into money-making opportunities in play-to-earn games.
Coinbase, Three Arrows Capital, Alameda Research, Tiger Global, Delphi Digital, DeFiance Capital, Hashed, Polygon Studios, Alliance DAO, and Yield Guild Games are among the round’s participants.
James Zhang and his sister co-founded Jambo in November 2021.
“Jambo aspires to empower and bootstrap the continent by delivering education and earning opportunities,” James Zhang, co-founder, and CEO of Jambo said in a statement. We are dedicated to supporting the next generation of Web3 inventors, builders, and creators with the long-term goal of bringing financial prosperity to billions of people throughout the continent. Jambo acts as a portal to Web3, but it’s much more than that. We hope to change the lives of billions by combining these crucial services into a single super-app.'”
To achieve their goal, Zhang intends to collaborate with a telecommunications provider and social media firms.
Already, 12,000 students from 15 countries have signed up for Jambo.
The students will follow a unique curriculum that teaches them about P2E game earning prospects and decentralized finance.
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Canza Finance, a Nigerian company, has received $3.27 million in seed funding