By: Kelly Cromley
Africa's financial landscape continues to face significant challenges, particularly in terms of accessibility and efficiency. James Zhang, the CEO of Congo-based Web3 startup Jambo, experienced these difficulties firsthand during his teenage years. While attempting to transfer money from a Congolese bank to a friend in Ghana, he encountered major obstacles, including prolonged processing times, exorbitant fees, and inefficiencies in the system. This experience led him to question why cross-border transactions remained so complicated and sparked his interest in seeking an alternative to traditional banking mechanisms.