Jumo Secures $120 Million in Fidelity-Led Series C Round

Jumo, a fintech start-up based in South Africa, has announced a $120 million Series C funding round. The round was led by Fidelity International, and included participation from previous investors such as Keneo, Omidyar Network, and Quona Capital. This latest round of funding brings Jumo’s total funding to date to $250 million. The funding will enable Jumo to continue to expand its services, which are focused on providing financial services to customers in emerging markets.

Overview of Jumo

Jumo is a financial technology (fintech) start-up based in South Africa. It was founded in 2015 as a company that provides financial services to customers in emerging markets. Jumo’s mission is to provide access to financial services to those who have previously been excluded from the formal financial system. Jumo has raised a total of $250 million in funding from various investors, including Fidelity International, Keneo, Omidyar Network, and Quona Capital.

Jumo’s Funding History

Jumo has raised a total of $250 million in funding from various investors, including Fidelity International, Keneo, Omidyar Network, and Quona Capital. This latest round of funding was a Series C round, led by Fidelity International, that raised $120 million. This brings Jumo’s total funding to date to $250 million. Jumo has raised a total of $125 million in Series A and Series B funding before this round.

Jumo’s Services

Jumo’s services are focused on providing financial services to customers in emerging markets. Jumo’s platform provides customers with access to digital banking, payments, and other services. Jumo also works with partners to offer products such as savings accounts, consumer loans, and insurance. Jumo’s services are designed to be accessible, affordable, and secure.

Jumo’s Impact on Emerging Markets

Jumo’s services have had a positive impact on emerging markets. Jumo’s platform enables customers to access financial services that were previously unavailable to them. Jumo’s services are also designed to be accessible, affordable, and secure, which make them attractive to customers in emerging markets.

Conclusion

The $120 million funding round will enable Jumo to continue to expand its services and reach more customers in emerging markets. The funding will also help Jumo to further develop its technology and platform, as well as explore new partnerships and products. The funding will also enable Jumo to continue to make an impact in emerging markets by providing access to financial services that were previously unavailable to customers.