Jahazii Raises $400,000 in Pre-Seed Funding
Jahazii raises $400,000 in pre-seed funding to expand its Workforce Operating System, embedding financial services into payroll..
✨ Key Highlights
Jahazii, a fintech startup, has successfully closed a $400,000 pre-seed funding round, comprising equity, debt, and grant financing. This investment will enable the company to develop Africa's workforce operating system, integrating HR, payroll, and embedded financial services to promote financial inclusion across the continent.
- The $400,000 funding round was supported by Antler East Africa, DEG Impulse, Jozi Angels, Innovest Afrika, and various angel investors.
- Jahazii aims to address the challenges faced by Sub-Saharan Africa's large informal workforce and employers struggling with manual payroll and compliance issues.
- The platform offers employees real-time access to earned wages, savings, and insurance by integrating financial tools directly into payroll systems, thus offering a responsible alternative to high-interest loan apps.
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Kuunda, a B2B fintech startup, has successfully closed a $7.5 million pre-Series A funding round to expand its financial inclusion initiatives across Africa and the MENA region. In a separate funding announcement, fintech startup Jahazii closed a $400,000 pre-seed funding round, comprising equity, debt, and grant financing. This investment will enable Jahazii to develop Africa's workforce operating system, integrating HR, payroll, and embedded financial services. The company's goal is to promote financial inclusion across the continent. Additionally, Triply has partnered with Verto to offer seamless cross-border payment solutions for Africa’s travel sector. This partnership aims to streamline financial operations for the sector's small and medium-sized enterprises (SMEs).