Diaspora Kapita, a well-established investment firm, has announced its intention to invest $600,000 in Jamboo during its capital raising phase in the early months of 2024. This strategic move aims to position Diaspora Kapita as a leader in establishing a pioneering wealth and investment platform focused on Africa.
Jamboo stands out as an innovative digital solution providing banking and investment services tailored to members of the African diaspora residing in the UK and Europe. It distinguishes itself as the first digital platform catering to the financial needs of this particular demographic.
Vhusi Phiri, CEO of Diaspora Kapita, highlighted that the partnership marks a crucial step for Zimbabwean investors seeking to broaden their investment scope beyond national borders. This collaboration presents an exciting opportunity for diaspora investors to engage in and acquire assets that consistently add value across the African diaspora. The initiative aims to go beyond remittances, aiming for comprehensive ownership of the value chain.
Takwana Tyaranini, CEO of Jamboo, expressed optimism about the partnership with Diaspora Kapita, a renowned entity poised to unlock numerous opportunities. This collaboration offers a streamlined avenue for the African diaspora to strategically invest their resources and actively contribute to shaping Africa’s economic landscape. This innovative venture underscores a commitment to fostering financial empowerment and growth within the African community, marking the dawn of a new era in investment opportunities.
The Jamboo app is designed to provide users with flexibility in growing their funds and accessing them as needed. Currently, more than 2000 individuals have expressed interest in becoming beta testers. The demo app has already been distributed to over 300 early-stage investors, with the company focused on enhancing its features and framework ahead of its official launch.
This collaboration between Jamboo and Diaspora Kapita holds the potential to revolutionize the investment landscape, serving as a gateway for global investors to tap into lucrative opportunities within African economies. With remittances from the Zimbabwean diaspora alone surpassing $2 billion, this initiative contributes significantly to total remittances to Africa, which now exceed $100 billion.
Source: InnovationVillage