Diaspora Kapita to invest in Jamboo

Diaspora Kapita is set to invest US$600 000 into Jamboo, a digital solution that provides banking and investment services to the African diaspora in the UK and Europe, in a move that will bring a ground-breaking African wealth and investment platform.The partnership between Diaspora Kapita and Jamboo will transform the investment environment by giving international investors access to profitable prospects in African nations.
Recently, the investment firm Diaspora Kapita, based in South Africa, disclosed that it will invest US$600,000 in Jamboo as part of its capital round in the first quarter of 2024.







According to Mr. Vhusi Phiri, CEO of Diaspora Kapita, the platform would give people living abroad access to assets and investment opportunities. The platform will allow Africans living abroad to transact in US dollars, British pounds, and Canadian dollars. Its goal is to provide financial solutions to this community.
In order to gain exposure outside of Zimbabwe, investors will find this engagement to be crucial.
In order to go beyond simple remittances and actually own the value chain, he stated, "it presents an opportunity to invest in, and a chance to own assets aligned with capturing value across the African Diaspora."The goal of the Jamboo platform was to provide Africans living abroad, particularly those from Zimbabwe, with the freedom to manage and build their wealth at any time.
"Diaspora Kapita is a credible organization, and this collaboration will open up a multitude of prospects, offering a smooth channel for the African diaspora to tactically allocate their finances and actively engage in molding the economic terrain of the continent," stated Mr. Takwana Tyaranini, CEO of Jamboo.
He went on, "This creative partnership ushers in a new era of investment possibilities by highlighting a commitment to fostering financial empowerment and growth within the African community."
Over 2000 individuals have indicated their interest in serving as beta testers for the Jamboo application thus far.The company recently delivered the demo app to more than 300 early-stage investors, and before it is formally released, it plans to further improve its features and foundation.
This program is anticipated to make a major contribution to the total remittances to Africa, which currently exceed US$100 billion, since remittances from the Zimbabwean diaspora alone exceed US$2 billion.
The company that provides digital solutions has already assembled a capable team to spearhead the effort to help Africans living abroad create money. In light of this, Jamboo has added Mr. Ciaran McSharry, a former CEO of First Capital Bank and banking executive, to its board of directors.
Mr. McSharry is expected to play a pivotal role in the company's mission to provide cutting-edge digital financial solutions tailored to the specific needs of the African diaspora community. Mr. Tyaranini said that Mr. McSharry's appointment to the board was a milestone for Jamboo that will enable the digital solutions provider to spot trailblazing opportunities in the marketplace. Mr. McSharry has a proven track record in the financial sector and a reputation for driving sustainable business profitability. His wealth of experience will support the company in its mission to revolutionize digital banking and investment for the African Diaspora in the UK and Europe.

Speaking about his appointment, Mr. McSharry stated, "I'm thrilled to be joining Jamboo at such a critical juncture in its development. I was drawn to this position by the organization's dedication to innovation and passion for producing powerful digital solutions. I'm excited to work with this accomplished group and support the business's ongoing growth.
An accomplished leader with more than 20 years of experience in the banking and investing industries, he has held managing director positions at numerous international companies, including Barclays and Merrill Lynch, where he played a key role in promoting corporate transformation and guaranteeing long-term profitability.
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