Jumo raises over $50mn

February 27, 2020 | FinTech

Written by FinTech Alliance

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Jumo
Jumo raises over $50mn

South African FinTech Jumo raised $55mn from a diverse group of investors.

In Brief:

  • This included new and existing investors such as Goldman Sachs, Odey Asset Management and LeapFrog Investments.

  • The startup was founded in 2015 and is based in Cape Town.

  • 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.

Read more here.

 

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