Our Take
Avinash Sukhwani and David Akinin looked at Africa—where over 90 percent of transactions are still cash—and said "we're fixing that." They're based in Namibia and Zambia, and they built Jabu, a fintech startup providing digital wallet solutions to businesses drowning in a cash-dominated economy. Think of it as the antidote to carrying briefcases of cash around to pay suppliers, vendors, and employees.
Here's why it matters: Africa has a massive informal economy running on cash, and it's inefficient as hell. JabuPay digitizes transactions in real-time, helping businesses move money without the risk and headache of physical cash. Avinash brings serious credentials—he's got degrees from Cambridge, MIT, and Imperial College London, plus experience at Rocket Internet and BCG. The team of 50 is tackling one of the hardest problems in one of the biggest markets on earth.
They founded Jabu in 2020 and they're betting that the next wave of African fintech won't just come from Lagos or Nairobi—it'll come from somewhere unexpected. Welcome to the Southern African cash revolution.
They're hiring.
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