Moyo in US$420K revolutionary fintech start-up
IN a bold move that exemplifies his commitment to driving innovation, businessman Rutenhuro Moyo has announced a substantial investment of over US$420 000 in the revolutionary fintech start-up, Jamboo.
The news comes on the heels of Moyo’s recent successful consortium takeover of the lender group’s debt in Tongaat Hulett, where this strategic investment promises salvation for thousands of jobs across South Africa, Zimbabwe, Mozambique, and Botswana.
Jamboo, set to launch early next year, stands as a ground-breaking digital solution offering banking and investment services tailored for the African diaspora in the U.K. and Europe. Innocent Chinyama, Jamboo’s Chief Investment Officer, expressed enthusiasm, stating, “We are excited to announce that. Moyo is going to invest US$420,000 into Jamboo.”
This injection of capital signifies a pivotal moment for the start-up, propelling it toward its mission of transforming financial services for the diaspora community. With a distinguished background that includes being a shareholder and executive at the pioneering Shanduka Group, Moyo holds post-graduate qualifications in Psychology, coupled with postgraduate qualifications in Business and Finance.
His entrepreneurial prowess and extensive experience in senior roles at international corporations such as Anglo–American, Old Mutual, and The Coca-Cola Company underscore his commitment to drive positive change and foster economic growth.
In a statement echoing the collective excitement, Jamboo’s Co-Founder and CEO, Takwana Tyaranini, expressed gratitude for Moyo’s visionary investment, saying, “This funding not only validates our mission but empowers us to revolutionize banking and investment services for the African diaspora. Moyo’s commitment is a testament to the transformative potential of Jamboo.”
This strategic alliance between Moyo and Jamboo promises to reshape the landscape of financial services, bringing innovation, accessibility, and empowerment to the African diaspora in the U.K. and Europe.