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Jambo is a technology company.
Jambo has raised $38.0M across 2 funding rounds.
Key people at Jambo.
Jambo was founded in 2021 by James Zhang (Co-founder and CEO).
Jambo has raised $38.0M in total across 2 funding rounds.
Bringing the world on-chain through accessible on-chain technology and AI-powered hardware.
Jambo was founded in 2021 by James Zhang (Co-founder and CEO).
Jambo has raised $38.0M in total across 2 funding rounds.
Jambo's investors include Paradigm, Alameda Research, Brevan Howard Digital, Coinbase Ventures, Delphi Ventures, Gemini, Graticule Asset Management Asia, Kingsway Capital, Morningstar Ventures, Pantera Capital, ParaFi Capital, Shima Capital.
Jambo Technology is a blockchain-focused company building the world's largest on-chain mobile ecosystem to drive mass crypto adoption in emerging markets through affordable, crypto-native hardware and software.[1][2][3][5] Its flagship product, the JamboPhone—a $99 Android smartphone preloaded with Web3 apps, a built-in multi-chain wallet, and AI tools—targets unbanked populations in Africa, Latin America, and Southeast Asia, solving barriers like limited financial access, low smartphone penetration, and complex crypto onboarding.[1][2][3][5] Jambo serves over 10 million wallet users across 128+ countries, with more than 1 million phones sold by September 2025, generating revenue from hardware (initially 80%) shifting toward software via 60+ partnerships with exchanges like OKX, Coinbase, and networks like Solana.[2][5] The $J token powers a flywheel for rewards, payments, and ecosystem engagement, fueling growth momentum evidenced by rapid scaling from 700,000 phones in 2024 to 1 million+ in 2025.[1][5]
Founded in 2021 (with some sources noting 2022) by siblings James Zhang (CEO, computer science background, grew up in Congo) and Alice Zhang, Jambo emerged from their personal drive to bridge emerging markets—especially Africa—to Web3, inspired by family investments in the region's growth and frustrations with legacy banking barriers like cross-border payments.[2][3][6] James identified key gaps: unbanked populations, low device access, and unfriendly crypto tools, leading to a "super app" vision combining banking, entertainment, and education on blockchain.[3] Early traction hit in 2023 with JamboPhone MVP production, JamboApp launch on Google Play, JamboTalent initiatives (e.g., JamboSports basketball team), and partnerships; backed by Paradigm, Pantera, Coinbase Ventures, and OKX Ventures.[1][3] Pivotal moments include Solana-powered launches via Solana Pay and Superteams, scaling to 700,000 phones in 2024 and 1 million by 2025.[1][2][5]
(Note: A separate company at jambo.cloud, focused on Stakeholder Relationship Management software since 2008, shares the name but operates in a unrelated non-blockchain space; this profile centers on the crypto-mobile firm at jambo.technology.)[4]
Jambo rides the Web3 mass adoption wave in emerging markets, where mobile penetration surges amid fiat banking failures, aligning with blockchain's low-cost scalability (e.g., Solana's speed).[2][3] Timing is ideal post-2024 crypto bull run, with 10M+ wallets signaling demand for "crypto-native" devices as smartphones become gateways to DeFi, remittances, and entrepreneurship in Africa/LatAm/SE Asia—regions with 2B+ unbanked.[1][2] Market tailwinds include falling hardware costs, AI-blockchain convergence, and partnerships amplifying distribution; Jambo influences the ecosystem by onboarding billions, fostering decentralized networks, and proving hardware-software hybrids can democratize digital economies beyond speculators.[1][2][3][5]
Jambo's trajectory points to JamboPhone 2 dominance (unveiled 2024 at Solana Breakpoint) and ecosystem expansion via more AI/DeFi integrations, targeting 10M+ phones amid Web3's shift to real-world utility.[5] Trends like tokenized economies, mobile-first blockchain, and Global South GDP growth (via inclusion) will propel it, potentially evolving from hardware seller to full on-chain OS leader with $J as a key utility asset.[1][2] As the largest deployment today, Jambo could redefine crypto entry for the next billion, turning emerging markets into Web3 powerhouses—proving affordable phones are the true bridge to on-chain everything.[1][5]
Key people at Jambo.
Jambo has raised $38.0M across 2 funding rounds. Most recently, it raised $30.0M Series A in May 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2022 | $30.0M Series A | Paradigm | Alameda Research, Brevan Howard Digital, Coinbase Ventures, Delphi Ventures, Gemini, Graticule Asset Management Asia, Kingsway Capital, Morningstar Ventures, Pantera Capital, ParaFi Capital, Shima Capital, Tiger Global |
| Feb 1, 2022 | $8.0M Seed | CoinFund, Dragonfly Capital Partners, ParaFi Capital, Zhen Cao, Do Kwon, Piers Kicks, Sandeep Nailwal, Santiago R., Alameda Research, Coinbase Ventures, DeFi Alliance, DeFiance Capital, Delphi Ventures, Polygon Studios, Three Arrows Capital, Tiger Global, Yield Guild Games |