JUMO is a full technology stack for building next-generation financial services technologies to empower emerging market entrepreneurs.
JUMO is powering a new wave of financial tools, enabling hundreds of millions of people to prosper, build their businesses and drive economic growth.
JUMO was founded in 2014 in London by Andrew Watkins-Ball. The company is headquartered in Cape Town, Western Cape, South Africa, with 10 offices in Africa, Europe and Asia.
JUMO uses advanced data science and machine learning to create the fastest and leanest financial services infrastructure. The company's lending products give entrepreneurs quick access to funds or asset finance. The loan amount, life cycle and repayment method can be configured to fit the needs of the individual.
JUMO offers core products around savings, credit to customers and businesses, as well as infrastructure to banks, fintechs and eMoney operators. Some partners include MTN, Airtel, Tigo, Ecobank, Absa, Letshego, Mansa Bank and Telenor.
JUMO has served loans worth over $3.5 billion to more than 18 million customers across these markets, granting up to 120 million individual loans.
JUMO is backed by Goldman Sachs, Fidelity Management & Research Company, Visa, Kingsway Capital, Odey Asset Management, LeapFrog Investments, Anthemis Group, Vostok Emerging Finance, and others. The company raised $120M in a new round on Nov 08, 2021. This brings JUMO's total funding to $278M to date. The latest round valued the company at $400M post-money.