Paradigm led a $30m mSeries A round in Jambo.

Paradigm, a private equity firm, led a $30m mSeries A round in Jambo, a cryptocurrency startup, with participation from ParaFi Capital, Pantera Capital, Delphi Ventures, Kingsway Capital, Gemini Frontier Fund and Shima Capital. The fresh funds are expected to help the company accelerate Web3 adoption and double its team across Africa. The investment will also be used to hire engineers who can build the company’s Web3 app that Africans can eventually use to trade crypto-currency, buy and sell non-fungible tokens (NFTs), and have access to top notch Web3 applications that Jambo will be brining to the continent, said the statement.