Jumo

lendingonline loanssme financing

FOUNDING YEAR: 2014
LOCATION: South Africa
Last Update: 19/01/2021

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About

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.

MEDICI Analysis

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.

Focus

PRODUCTS & SERVICES

Mobile money marketplace for African people, small businesses and mobile network operators.

MAIN CLIENTS

Banks

Financial institutions

EXISTING PARTNERSHIPS

Partnered with mobile network operators

PRIMARY PROBLEM SOLVED

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.

Traction

COMPANY TYPE:

For Profit

ACTIVE USERS COMMENT:

JUMO has served over 5 million people in Africa and Asia till now(Nov 2017).

People

FOUNDERS

Andrew Watkins-Ball

BOARD MEMBERS AND ADVISORS

Chris Pinkham

Nadeem Shaikh

NUMBER OF EMPLOYEES

201-500

INVESTORS:

Anthemis Group

Athena Capital

Finnfund

Gemcorp

Goldman Sachs

Goldman Sachs Investment Partners

Google Launchpad Accelerator

Leapfrog Investments

PROPARCO

Vostok Emerging Finance

Finnfund (Finnish Fund for Industrial Cooperation Ltd.)

The MasterCard Foundation

Odey Asset Management

KEY EMPLOYEES:

Andrew Watkins-Ball (CEO); Nicholas Watkins (CFO)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

7

TOTAL FUNDING

$120 M

DATE OF LAST FUNDING

Feb 2020

IPO STATUS

Private

TOTAL FUNDING COMMENT

The company is planning to use the funds for expansion into new markets in Asia and Africa. (Sep. 2018)

ESTIMETED REVENUE RANGE

$1M to $10M

FUNDING SERIES

SERIES A  · $13 M  · Jul 2018

SERIES B  · $52 M  · Sep 2018

OTHERS  · $55 M · Feb 2020

DEBT FUNDING

$24 M

PRIZE MONEY

$200 K

LISTED

NO

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

7,009

AVERAGE VISITS (6 MONTHS)

21,581.56

MONTHLY VISITS GROWTH

-79.62%

VISIT DURATION

487

VISIT DURATION GROWTH

105.89%

PAGE VIEWS VISIT

4.48

PAGE VIEWS VISIT GROWTH

32.68%

BOUNCE RATE

36.77%

BOUNCE RATE GROWTH

-36.89%

GLOBAL TRAFFIC RANK

1,513,306

MONTHLY RANK CHANGE

786,061

MONTHLY RANK GROWTH

108.09%

Innovation Programs

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Jumo

About

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.

Focus

PRODUCTS & SERVICES

Mobile money marketplace for African people, small businesses and mobile network operators.

TOP PROBLEM SOLVED

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.

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

PRODUCT DEVELOPMENT COMMENT

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.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Consumer

PRODUCT ATTRIBUTES

SaaS

Back Office

Customer facing

Traction

LIVE USERS/TRANSACTIONS:

Yes, in live production

CHANNEL STATUS

MULTIPLE CHANNELS

People

NUMBER OF EMPLOYEES

201-500

KEY EMPLOYEES:

employee: Andrew Watkins-Ball

employee: Andrew Watkins-Ball

employee: Andrew Watkins-Ball

BOARD MEMBERS AND ADVISORS:

Nadeem Shaikh

INVESTORS:

Anthemis Group

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES