JUMO

South Africa - Cape Town, Western Cape

• 08/11/2021
• Series C
• $120,000,000

JUMO is a financial technology company that partners with banks, MNOs and other e-commerce players to deliver progressive financial choices to customers in emerging markets across Africa and Asia.

At JUMO we connect people to opportunities. Two billion people worldwide have limited access to formal financial services such as borrowing and saving. We’ve built a large-scale, multi-sided technology platform and designed progressive financial choices to reach them. We use their digital footprint to create a financial identity using only behavioural data.

Our customers are in emerging markets across Africa and Asia. Most of them are micro and small to medium enterprises who need instant access to finance so they can grow and invest. So far we’ve served more than 10 million customers and disbursed over 40 million loans – and the numbers are rising daily.

Related People

Andrew Watkins-BallFounder

United Kingdom - London Area

Andrew’s focus on finding ways to power banking infrastructure with AI led him to found Jumo and a mission to make great new money choices available to everyone. Since joining Salomon Brothers in 2000, Andrew has spent the last 20 years arranging capital and scaling businesses in Technology and Financial Services. He started his entrepreneurial journey with an Event Production business and worked with the likes of Quincy Jones before working on Wall St. When not chasing his 4 kids around he is normally exercising with his wife or learning how to paint.

LinkedIn https://www.linkedin.com/in/andrew-watkins-ball-32451996/