JABU, a last-mile distribution e-commerce retail platform in Namibia, has raised $15 million in a Collection A spherical of funding
JABU, a Namibia-based B2B e-commerce firm, has raised $15 million in a Collection A spherical led by Tiger World.
Different traders on this development spherical embrace Field Group, Knollwood, and D World Ventures.
In response to the corporate, companies can use Jwallet to order, inventory, and pay for his or her objects, and count on same-day supply.
JABU gives data-driven providers to FMCG manufacturers and banks, comparable to gross sales analytics and agent productiveness, by way of dashboards.
The corporate is working with banks to combine an API into the interchange that might enable somebody who acquired cash by way of their pockets to stroll as much as a JABU retailer and withdraw cash utilizing their bodily float.
Retailers would use a platform’s BNPL service to generate revenue, then use that revenue to pay for the following bill or purchase objects from a brand new provider in a separate provide chain, based on CEO David Akinin.
As we develop, we’re making an attempt to indicate that there’s a greater option to work together with shops, subsequently the workers is worked up about it as a product, based on Akinin.
The Collection A funding shall be used to broaden the corporate’s presence in Southern Africa and to enter new markets comparable to Botswana and Eswatini later this yr.
Learn extra on Tech Gist Africa:
Zuri Well being raises $1.3 million within the pre-seed spherical
Topship, a Nigerian logistics startup, has acquired a $2.5 million seed funding
CarePoint, a Ghanaian healthcare startup, has raised a $10 million bridge funding
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