JUMO Reaches 15 Million Customer Milestone Across Africa And Asia

Indian woman delights in using a JUMO product.

JUMO, a technology company building next-generation financial services for emerging market entrepreneurs, is celebrating connecting over 15 million people to credit and savings in their six markets in Africa and Asia today.

Andrew Watkins-Ball, Founder & Group CEO, said this milestone demonstrates JUMO’s unique ability to reach underserved entrepreneurs – over 60% of JUMO’s customers are micro, small and medium-sized enterprises (MSMEs). “We are working to connect every entrepreneur to the financial products they need to grow and prosper,” says Watkins-Ball. “Our technology enables our partner banks and payments companies to help millions of underserved people access financial services.”

JUMO has disbursed over USD 1.6 billion in funding and is growing its base of savings products. “By empowering MSMEs, we’re also positively impacting communities, families and employees. Technology is removing barriers to financial inclusion making it possible to responsibly provide everyone with access to good financial choices,” Watkins-Ball added.

Founded in London in 2015, JUMO has partnered with financial service providers and mobile network operators to provide credit and savings solutions in Pakistan, Ghana, Tanzania, Uganda, Kenya and Zambia. The company plans to enter new markets in Asia and Africa in the coming months. “Technology is at the heart of what we do. We run the fastest and leanest financial services infrastructure in emerging markets and we’re excited about the next phase of our growth,” concluded Watkins-Ball.

About JUMO

Founded in London in 2015, JUMO is a full technology stack for building and running financial services. We enable our partners to offer next-generation savings, lending and insurance products to entrepreneurs in emerging markets. These give anyone with a cell phone and mobile wallet access to unprecedented financial choice, so that millions of people can prosper, build their businesses and drive economic growth. Since inception, JUMO has served over 15 million customers, disbursed over USD$1.6 billion in loans and raised USD$103 million in funding from globally respected investors.