lending . online loans . sme financing
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Jumo is a mobile money marketplace for African people, small businesses and mobile network operators. Jumo’s predictive modeling platform uses behavioral data from mobile usage to create financial identities for Small, Medium and Micro-sized Enterprises (SMMEs) and also connects investors with borrowers to determine the best rates and the best loan candidates. It helps mobile network operators grow their mobile money ecosystems by integrating financial services access for people and small businesses. The company is present in all the leading mobile money markets in Sub-Saharan Africa including Kenya, Tanzania, Zambia, Uganda, Rwanda and Ghana.
Jumo is a mobile money marketplace for African people, small businesses and mobile network operators. Jumo’s predictive modeling platform uses behavioral data from mobile usage to create financial identities for Small, Medium and Micro-sized Enterprises (SMMEs) and also connects investors with borrowers to determine the best rates and the best loan candidates. It helps mobile network operators grow their mobile money ecosystems by integrating financial services access for people and small businesses. The company is present in all the leading mobile money markets in Sub-Saharan Africa including Kenya, Tanzania, Zambia, Uganda, Rwanda and Ghana.
Mobile money marketplace for African people, small businesses and mobile network operators.
Banks
Financial institutions
Partnered with mobile network operators
Today, over five billion people live on less than $10 a day. They cannot be reached by the traditional financial system as lack of data, infrastructure and broken unit economics have historically made it impossible or unviable. This chronic lack of access to good, simple financial services is totally unacceptable. It is at the root of poverty and the ability for people to improve their own lives. This is the challenge we are solving. We believe the answer lies in organizing information to democratize financial services. We see this as an incredible opportunity to build a very large business.
For Profit
JUMO has served over 5 million people in Africa and Asia till now(Nov 2017).
Andrew Watkins-Ball
Chris Pinkham
Nadeem Shaikh
201-500
Goldman Sachs Investment Partners
Finnfund (Finnish Fund for Industrial Cooperation Ltd.)
Andrew Watkins-Ball (CEO); Nicholas Watkins (CFO)
YES
7
$120 M
Feb 2020
Private
The company is planning to use the funds for expansion into new markets in Asia and Africa. (Sep. 2018)
$1M to $10M
SERIES A · $13 M · Jul 2018
SERIES B · $52 M · Sep 2018
OTHERS · $55 M · Feb 2020
$24 M
$200 K
NO
7,009
21,581.56
-79.62%
487
105.89%
4.48
32.68%
36.77%
-36.89%
1,513,306
786,061
108.09%
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Jumo is a mobile money marketplace for African people, small businesses and mobile network operators. Jumo’s predictive modeling platform uses behavioral data from mobile usage to create financial identities for Small, Medium and Micro-sized Enterprises (SMMEs) and also connects investors with borrowers to determine the best rates and the best loan candidates. It helps mobile network operators grow their mobile money ecosystems by integrating financial services access for people and small businesses. The company is present in all the leading mobile money markets in Sub-Saharan Africa including Kenya, Tanzania, Zambia, Uganda, Rwanda and Ghana.
Mobile money marketplace for African people, small businesses and mobile network operators.
Today, over five billion people live on less than $10 a day. They cannot be reached by the traditional financial system as lack of data, infrastructure and broken unit economics have historically made it impossible or unviable. This chronic lack of access to good, simple financial services is totally unacceptable. It is at the root of poverty and the ability for people to improve their own lives. This is the challenge we are solving. We believe the answer lies in organizing information to democratize financial services. We see this as an incredible opportunity to build a very large business.
V2.0 or BEYOND
JUMO is a multi-sided platform that uses behavioral data to give customers great financial choices. The platform is integrated into the largest data ecosystems in the markets and provides the full stack of services normally found in a bank. Banks play an important role in holding licenses and managing extremely large balance sheets to compete to provide customers the best choices on the platform products.
Enterprise - Banks or Financial Institutions
Consumer
SaaS
Back Office
Customer facing
Yes, in live production
MULTIPLE CHANNELS
201-500
employee: Andrew Watkins-Ball
employee: Andrew Watkins-Ball
employee: Andrew Watkins-Ball
Nadeem Shaikh
YES
NO
NO