South African FinTech Jumo raised $55mn from a diverse group of investors.
In Brief:
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This included new and existing investors such as Goldman Sachs, Odey Asset Management and LeapFrog Investments.
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The startup was founded in 2015 and is based in Cape Town.
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It focuses on products for emerging markets.
What does this mean?
The funding closely follows a $50mn round in 2018 which also included Goldman Sachs. For its partners within emerging markets, it offers a full tech stack to build savings, lending and insurance products.
