Danson Muchemi is the CEO of JamboPay, Kenya’s leading Online Payment Gateway. JamboPay, which was founded in 2009, now has more than 1,500 institutional clients and processes more than $50 million in payments every year. The company has a presence in Kenya, Tanzania and Senegal and is set to expand to 4 additional countries before the end of 2015.
According to Danson ” I founded JamboPay in 2009. I attempted to set up an e-commerce shop but could not find a reliable local payment gateway to process payments for the web shop. I joined hands with a friend to set up JamboPay to address the payments gap then. We did not have funds to hire a proper office among other things and so we settled for a Cyber Cafe. At the Cyber Cafe, we leased a single computer for Ksh 4,500 ($50) per month. It was at the Cyber Cafe that we wrote our Company Mission, Vision and our initial business plan. We kept our costs low and as such managed to utilize little financial resources to start. In retrospect, our startup cost was less than $1,000. For 6 months, we operated from the Cyber Cafe. We were just two of us. Today JamboPay employs 105 employees- 68 of them being permanent with the rest on part time contract. JamboPay today serves over 1500 clients.
JamboPay serves over 1500 clients drawn from Retail, Financial Services, Media, Governments, Billers, education and the Hospitality Industry. Their unique portfolio of clients cuts across different sectors – from Farmers, to Pay TV companies, to Governments. Private businesses such as Uchumi Supermarkets, ICEA Insurance are Standard Media Group are served by JamboPay. Government’s Nairobi City Water and Sewarage Company (NCWSC), Sameer Africa, Car & General, Nairobi County Government are on their clientele list also.
JamboPay has a partnership with the Nairobi City government and have automated payment of various taxes and services for the County Government through e-wallet service. The service is known as eJijiPAY. The Nairobi City project is the largest and most successful e-payments project in Eastern and Central Africa- today. Over $40 million has been transacted through the City Service over the last 4 months.
Danson says “from our first day, we set out on a mission to make JamboPay the best payments service provider for Africa out of Africa. At present we have presence in Kenya, Tanzania and Senegal.We plan to be in 7 African countries by the end of 2015 and in 14 countries by 2016. Our Uganda office is expected to be up by end of April this year. Africa is in our focus” .
JamboPay might make Africans worry less about PayPal, who knows?