- One liner: Building the Largest On-Chain Mobile Network
- Investors: Raised $40m from top investors including Paradigm, Pantera, Coinbase, OKX and more. Latest round at $500m FDV.
- Core offerings:
JamboPhone 2
- A $99 web3-enabled Android 14 smartphone designed for emerging markets.
- Features: Multichain wallet, dApp store, 12GB RAM, 6.75-inch display, 128GB storage, and a 5000 mAh battery.
- Pre-installed with ecosystem partner apps and tailored for decentralized finance, gaming, and earning opportunities.
JamboApp
- A superapp for web3 offering features like JamboPlay (games and partner apps), JamboEarn (income opportunities), JamboWallet (multichain crypto wallet), and JamboPoints (rewards program).
- Partners: In collaboration with top ecosystems and projects including Solana, Tether, Aptos, Bonk, SEI, Coinbase, and more.
- Stats:
- 650,000+ phones sold YTD across 128 countries
- 4.5 million wallet creations since inception
- Dune Analytics
- Market opportunity:
- High populations in emerging markets (Africa 1.4B, Southeast Asia 660m, LatAm 660m)
- 43% of the entire African population lacks smartphone access
- About 20% of the population in LatAm does not own a smartphone
- High unbanked population and pressing macroeconomic issues, including inflation (Eg, Argentina, Turkey, etc.)
- Crypto represents opportunity for unbanked and underbanked populations to leapfrog technology
- Unique Features:
- User-Friendly Onboarding: Preloaded dApps and tools make blockchain accessible.
- Gamified Rewards: JamboPoints incentivize user interaction and loyalty.
- Affordable Hardware: High-performance phone priced at $99 for accessibility.
- Multi-chain access: Ability for users to tap into almost all chains across SOL, APT, EVM, & more
- Native Crypto-first AI: JamboGPT provides crypto-native and AI-native access to our users
Talking Points:
- Why Jambo Matters
- Addresses the choke point of crypto adoption: onboarding and accessibility.
- Empowers users in emerging markets to leapfrog into the digital economy.
- Bridges gaps in financial inclusion with decentralized tools and education.
- Valuation
- Paradigm-led round priced at $200M FDV
- Jambo is building to become the “on-chain Apple” ($3.8Tn market cap). Hardware, phones, communications, DePIN, self built apps, and more are all fair game for Jambo. The total market opportunity with a phone foundation is in the trillions.
- Value creation - long term
- Ability to develop novel DePIN products and drop directly in the network of JamboPhones, achieving instant network effects. Multi-billion dollar value creation on day 1 for J for each app developed.
- JamboPhone users have access to passive income opportunities
- Airdrop Machine:
- Physical phone requirement makes it easy for projects to airdrop to real users, not bots