Congo Based Startup Jambo Raises $7.5 Million in Seed Funding Round – Fintech Bitcoin News

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Congo Based Startup Jambo Raises $7.5 Million in Seed Funding Round – Fintech Bitcoin News
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Jambo does not plan to take a cut from its users’ earnings but will generate revenue from advertisements and commissions. web3 playtoearn

A Congo-based Web3 app developer, Jambo, recently said it raised $7.5 million in a seed funding round. According to a report, the startup’s successful seed round is the latest by an Africa-based firm that is working towards developing Web3.Jambo, the Congo-based developer of a Web3 app, has raised $7.5 million in seed funding, a report has said.

The reason we can do that is via partnerships with these companies as we tokenize a part of their advertising budget and directly provide to the end-user. Many web2 incumbents or even web3 are having a $100-200 user acquisition costs so we can lower that by order of magnitude by directly incentivizing the end-user.

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