JUMO is a full technology stack for building and running financial services.
JUMO partners with banks, MNOs and other e-commerce players to deliver progressive financial choices to customers in emerging markets across Africa and Asia.
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 is powering a new wave of financial tools, enabling hundreds of millions of people to prosper, build their businesses and drive economic growth.
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 has developed a white label points programme that can be used as a tool to drive and incentivise mobile transactions and empower people to build a personal, digital financial profile. The company has served more than 10 million customers and disbursed over 1 billion loans – and the numbers are rising daily.
JUMO is backed by Goldman Sachs, Odey Asset Management, Proparco, LeapFrog Investments, Anthemis Group, Vostok Emerging Finance and others. The company raised $55M in a debt and equity round on Feb 26, 2020. This brings Jumo's total funding to $158M to date.
JUMO won the Mastercard Foundation Clients at the Centre Prize, recognising outstanding value for customers in 2017. Google selected JUMO, alongside five other African startups, for its Launchpad Accelerator programme. The London Stock Exchange Group (LSEG) recognised JUMO as one of 360 Companies to Inspire Africa in 2019.