JABU’s cover photo
JABU

JABU

Financial Services

Windhoek, Khomas 9,772 followers

Backed by Tiger Global & YC, JABU digitizes cash management for retail stores through innovative digital solutions.

About us

JABU (YC S21) is transforming cash management and digital financial services across Southern Africa. Our innovative solutions streamline business transactions in a cash-dominated economy, enhancing financial integration and operational efficiency for businesses. JabuPay is a comprehensive mobile wallet solution that digitizes cash handling through JabuSafe, enabling businesses to manage their finances seamlessly with instant balance updates and efficient supplier payment processes. JabuSafe provides secure smart safes that ensure cash funds appear in your account instantly. This service reduces theft risk, eliminates manual reconciliations, and offers full control over cash deposits. JabuTap allows businesses to accept debit cards and receive funds instantly at their JabuPay wallet. Join us in revolutionizing the financial landscape in Southern Africa. We are expanding rapidly and seeking talented individuals to be part of our dynamic team. We're HIRING! Join our growing team and be part of something big.

Industry
Financial Services
Company size
201-500 employees
Headquarters
Windhoek, Khomas
Type
Privately Held
Founded
2020
Specialties
Startup, Technology, Logistics, Food Distribution, Informal Market, Wholesale, Africa, SADC, Namibia, e-commerce, marketplace, and fintech

Locations

Employees at JABU

Updates

  • JABU reposted this

    Is cash really dead? Namibia’s silent resistance to the cashless economy By Anonymous As the financial sector champions the shift toward a cashless Namibia, boasting figures like N$1.2 trillion in electronic transactions, an important truth is being overlooked: the majority of Namibians still rely on cash for daily transactions. The push for digital payments may benefit banks and payment processors, but on the ground, cash remains the most trusted, accessible, and cost-effective method of exchange. https://lnkd.in/dtPmuQiy #namibia #cash #payments #transections

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  • View organization page for JABU

    9,772 followers

    🎉 Exciting News! 🎉 We are thrilled to announce that Jabu has been accepted into the Visa Accelerator Program Africa Cohort 3! 🚀 Joining alongside some amazing startups and supported by the great Plug and Play Africa team, this opportunity will allow us to expand our offerings and find new ways to add value to our customers. A big thanks to Visa. We’re excited to take this next step and share our progress with you all! If you want to read more: https://lnkd.in/dA674zTk Stay tuned for more updates!

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  • View organization page for JABU

    9,772 followers

    🎉 Instant Funds with JabuTap! 🎉 We are excited to announce that every time your customers swipe their debit card at your JabuTap, your money is instantly available in your JabuPay Wallet! Why choose JabuTap? ✅ Instant settlements ✅ Best transaction fees in Zambia ✅ No onboarding fees ✅ No monthly fees Don’t wait – experience the fastest and most reliable payments with JabuTap! For more info, contact us at zambia@gojabu.com. #JabuPay #JabuTap #InstantMoney #FintechRevolution #Zambia

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  • View organization page for JABU

    9,772 followers

    Kevin Hassan joined this very exciting panel in the midst of Windhoek’s buzzing tech scene!

    View profile for Jesaya Hano-Oshike

    Dreamer | Doer | Investment Professional

    Building a strong startup community is pivotal to Namibia building a strong startup ecosystem. Yesterday, Basecamp Business Incubator in collaboration with the London Venture Capital Network hosted an event focused on how to build a startup mindset. We had a great panel of speakers who provided insight into what it takes to build a successful startup. We had a great attendance as well. I look forward to hosting more events in the future that bring together Namibian startup ecosystem players to share insights and network.

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  • JABU reposted this

    The Paradox of #Loadshedding (aka Power Cuts) For those of you who haven’t spent a good chunk of time in Southern Africa, widespread electricity restrictions (loadshedding) coexist with a growing number of households employing battery storage systems with #inverters. This is the case in my office and house in #Zambia and #SouthAfrica. Sounds nuts to the western world (and even to #Namibia, where load shedding never happens), but I got used to it as we expand our business in the region. We literally invest in a bunch of machines with chunky batteries that are connected to power outlets. When there’s #electricity, we charge the #batteries, and when the government rations electricity (cuts power for several hours at a time), our batteries provide for us. In Zambia, load shedding has become unbearable. Power cuts are more frequent and last longer. So we’re all investing in larger batteries. Last week, my gracious landlord in Lusaka replaced my inverter’s batteries, with new ones, 3x the size. I also imported 10 inverters for our JABU office, so our #software and #FinOps teams never experience downtime. Our hope: a bigger battery back up for when power cuts occur. Happy! But then I got to thinking… we are all doing the same thing. Yikes! My power consumption went up significantly. I am charging batteries 3x the size. And if every household and office are employing this strategy, then we are using up power availability at a higher pace than ever. To top it up, not only are we making the problem worse, but when power comes back, the electrical surge is so high from having to feed empty batteries, that demand is likely out of control. In simple terms, load shedding is making us buy batteries that make load shedding more frequent. A vicious cycle. And as humans, we don’t self regulate, so expect it to only get worse. A 2021 survey by the South African Council for Scientific and Industrial Research (CSIR) found that over 1 million households had adopted battery storage. Even a conservative estimate of 500Wh per battery translates to a potential 500MW surge when power returns after an outage. This sudden demand spike overwhelms the already strained grid, triggering more power outages. I get goose bumps every time I see my batteries. And I can’t help but think we are all just making the problem worse. If our Energy ministers and Power Czars are reading this - here are my thoughts on urgent fixes: - Prioritize grid improvements and maintenance to reduce outages and incentivize reliance on the grid. - Incentivize smart charging solutions for battery systems that distribute the load throughout the day to minimize peak demand. (Remove import duties maybe?) - Foster a regulatory environment that encourages urgent renewable energy investments and grid modernization. (I’d invest heavily in solar, in sunny Lusaka, for the right incentives).

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