Jambopay began operating in 2009 and rose to become one of the biggest (if not the biggest) fintech company in Kenya. Handling payment solutions for multiple big-time government agencies and perhaps even more private companies. However, the company has on several occasions been forced to defend its success.
From Grass to Grace through Thrift?
It would be really unfair to put up labels and titles on this great company without first understanding its history. Jambopay was founded by Danson Muchemi, its current CEO, who traces his business acumen to the lessons he learned much earlier in life while breeding and selling rabbits.
Muchemi’s story, as narrated by a number of news outlets, says his first income of Ksh. 80 ($0.8) out of selling his first herd of rabbits, marked his journey into the world of business. Muchemi was born in 1984 in Nyandarua, and attended the Gikeno Primary School and later joined Nguviu Boys Secondary School in Embu.
He then proceeded to get a diploma in Management Information Systems at Strathmore University and later pursued a bachelor of science degree in Telecommunications and Information Technology at Kenyatta University.