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nouhaila_zaki

JUMO.WORLD: About | LinkedIn - 0 views

www.linkedin.com/...about

JUMO South Africa Overview Customer Segment

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • JUMO is a financial technology company that partners with banks, MNOs and other e-commerce players to deliver progressive financial choices to customers in emerging markets across Africa and Asia. At JUMO we connect people to opportunities. Two billion people worldwide have limited access to formal financial services such as borrowing and saving. We’ve built a large-scale, multi-sided technology platform and designed progressive financial choices to reach them. We use their digital footprint to create a financial identity using only behavioural data. Our customers are in emerging markets across Africa and Asia. Most of them are micro and small to medium enterprises who need instant access to finance so they can grow and invest. So far we’ve served more than 10 million customers and disbursed over 40 million loans – and the numbers are rising daily.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt provides us with a great overview about Jumo. It describes Jumo as a financial technology company that has different partners in several fields. Thereafter, it describes the Jumo's customer base (people who don't have access to formal financial services, who live in emerging markets in Africa and Asia, and who have micro/small/medium enterprises they need to finance), and explains how the company tries to reach its audience.
nouhaila_zaki

JUMO - Wikipedia - 0 views

en.wikipedia.org/JUMO

JUMO South Africa Overview

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • The firm's customers are mostly unbanked merchants and individuals in emerging markets where the amount of active mobile money users is high.[8] According to Watkins-Ball, "A $20 loan that can be accessed without collateral in the middle of the night in a rural village can mean the difference between getting a sick person to hospital and going without medical care."[9] JUMO works with mobile network operators including Airtel, MTN Group and Tigo (Millicom) to make credit decisions for each loan application by drawing on non-traditional data points such as GSM records and mobile wallet transaction data. The platform leverages an unconventional digital credit model that does not require customers to have prior financial account ownership or a credit history. Loan decisions are automated and the digital credit application process happens over a mobile device with no need for in-person interactions.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it presents Jumo's partners, mostly mobile network operators. Also it describes the customer segment targetted by Jumo, namely the unbanked merchants and individuals in emerging markets. In addition, the excerpt explains how loans with Jumo are provided without collateral.
sawsanenn

Jumo - la fintech au service des entrepreneurs africains | Proparco - Groupe ... - 0 views

www.proparco.fr/...ce-des-entrepreneurs-africains

FinTech Financial inclusion Service Platform

shared by sawsanenn on 13 Feb 21 - No Cached
  • Start-up basée à Cape Town en Afrique du Sud, JUMO propose à ses clients de souscrire à des prêts et des produits d’épargne depuis leur téléphone portable.
    • ghtazi
      ghtazi on 13 Feb 21
       
      JUMO gives its customers, as a start-up company based in Cape Town, South Africa, the ability to subscribe to loans and savings items from their mobile phones.
  • Start-up basée à Cape Town en Afrique du Sud, JUMO propose à ses clients de souscrire à des prêts et des produits d’épargne depuis leur téléphone portable.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This excerpt shows different services that jumo offers to its target customers
samielbaqqali

Startup Guide Cape Town: how this African city has become a magnet for international en... - 2 views

yourstory.com/...startup-guide-cape-town

Jumo Fintech Capetown

shared by samielbaqqali on 12 Feb 21 - No Cached
  • JUMO advances financial inclusion solutions in seven countries. Karri Payments offers mobile payment collection for schools and community organisations.
  • The book begins with an overview of Cape Town facts such as culture (melting pot of local and international cultures), spoken languages (English, Afrikaans, Xhosa), travel destination (one of the top in the world), cuisine (exquisite), bars and cafes (excellent), customs (braai barbecue), nature and sports (fantastic), wildlife (diverse), locals (chatty, friendly), and transportation (great but fragmented),
    • samielbaqqali
      samielbaqqali on 13 Feb 21
       
      The seven financial inclusion products of JUMO are a clear example of the range of solutions provided by this organization. I like the way JUMO innovates and grows in order to offer a product/service that is very effective across the continent.
  • hichamachir on 12 Feb 21
     
    JUMO's seven financial inclusion products are a good example of the variety of solution that this company provides. I like the way JUMO innovate and expand in order to deliver a very efficient product/service in all the continent.
hindelquarrouti

Startuplist Africa | Startuplist Africa - 1 views

startuplist.africa/jumo

Jumo Data Technology Fintech

shared by hindelquarrouti on 12 Feb 21 - No Cached
  • Since JUMO was founded in 2014, the company doubled its staff complement each year for two consecutive years, and it was recently recognized by the London Stock Exchange Group as one of the Companies to Inspire Africa in 2019.
  • JUMO is a full technology platform, developed for building and running financial services
  • JUMO’s extensive network of partners includes financial services providers such as the Barclays Africa Group, Letshego Bank, and Telenor Microfinance Bank, as well as mobile network operators such as MTN, Airtel, Telenor, and Tigo.
  • chaimaa-rachid on 12 Feb 21
     
    I think the company deserves to be chosen as one of the companies to inspire Africa in 2019 because they are creative, provide great services to their clients, and are consistent.
  • hindelquarrouti on 13 Feb 21
     
    Jumo makes a good combination of data and technology in order to serve the 80% of the world's unbanked people while at the same time collecting enough information that allows it to make informed decisions.
mohammed_ab

Building Trust and Growing Digital Financial Services: A Look at JUMO | Center for Fina... - 0 views

www.centerforfinancialinclusion.org/ancial-services-a-look-at-jumo

JUMO Africa Financial inclusion

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Our work breaks new ground by including many customers that have never accessed formal financial services before. This is exciting, but also means we have a significant responsibility to make sure their first formal financial services experience is positive and empowering. That’s really important to us, so we’re open to testing, learning, sharing and collaborating – it’s a part of our contribution to building the digital financial services ecosystem.”
  • mohammed_ab on 13 Feb 21
     
    I think that any fintech company that serves unbanked people should have this spirit of JUMO. They understand that they have a lot of responsibility to educate those unbanked people and make sure that their first experience with JUMO or with any other fintech service is positive.
samielbaqqali

SA fintech JUMO selected to join second cohort of Google Launchpad Studio - Ventureburn - 0 views

ventureburn.com/...jumo-google-launchpad-studio

Jumo Google Launchpad

shared by samielbaqqali on 11 Feb 21 - No Cached
  • SA fintech JUMO selected to join second cohort of Google Launchpad Studio - Ventureburn
    • samielbaqqali
      samielbaqqali on 11 Feb 21
       
      The success of Jumo has gotten so big thyat they started to get selected with some multinationals like Google
  • Established in 2017, Launchpad Studio is a fully-tailored product development acceleration programme that gives selected startups the unique opportunity to work hand-in-hand with Google’s artificial intelligence (AI) and machine-learning (ML) research and development teams, with access to seasoned experts and mentors from Google and Silicon Valley.
hindelquarrouti

South African fintech Jumo raises $55 million in Goldman-led funding - 0 views

internationalfinance.com/55-million-goldman-led-funding

Jumo funding new-markets fintech

shared by hindelquarrouti on 13 Feb 21 - No Cached
  • The startup will use the proceeds from the funding to expand into new markets and launch new products. Jumo is targeting entrepreneurs in emerging markets — and plans to offer next-generation savings, lending and insurance products to them. 
  • The startup currently operates in five African countries — Kenya, Ghana, Uganda, Zambia and Tanzania. It closely works with financial firms and telecoms to provide its services, media reports said. 
  • hindelquarrouti on 13 Feb 21
     
    Jumo received an amount of $55 million in founding, and it will use them in order to penetrate new emerging markets; as well as, introducing new products that will increase customer's satisfaction.
mohammed_ab

#40Days40FinTechs: JUMO is offering social impact financial products to the unbanked. |... - 1 views

money.hipipo.com/...ncial-products-to-the-unbanked

JUMO SME Emerging Markets

shared by mohammed_ab on 12 Feb 21 - No Cached
  • The HiPipo chief executive officer Innocent Kawooya expressed his excitement about JUMO’s financial inclusion efforts, saying that its products are taking a lead in democratising lending and borrowing.“We are excited to interact with JUMO, a company that is enhancing financial inclusion in over 10 countries and serving more than 16 million customers.”
  • Reimagining finance in emerging markets by extending financial services to the underserved and the excluded has been JUMO’s goal since inception.
  • Reimagining finance in emerging markets by extending financial services to the underserved and the excluded has been JUMO’s goal since inception. This explains why it chose to specialize in social impact financial products where small businesses that are financially excluded can access loans and savings products.
  • ...1 more annotation...
  • During the same period, they have disbursed over $1 billion and record over 51 million interactions with customers monthly.  Over 120 million people have been connected to financial choices while the cost of transaction has been reduced significantly.
  • hichamachir on 12 Feb 21
     
    JUMO's great job made other companies to be proud of making a partnership with them. This is a good example of a successful company.
  • mohammed_ab on 13 Feb 21
     
    I like the service Jumo offers. The company provides loans to small businesses and SMEs that have difficulties accessing financial services. It's amazing to see the number of transactions they have made during one year.
mbellakbail69

JUMO breaks the US$2.5B disbursement mark in Africa and Asia - JUMO - 0 views

www.jumo.world/...sement-mark-in-africa-and-asia

shared by mbellakbail69 on 13 Feb 21 - No Cached
  • This milestone has been reached just over 18 months after crossing the US$1B mark in 2019, and indicates exponential growth in the access to and availability of working capital for customers, with an average customer default rate of less than 5%. Andrew Watkins-Ball, Founder & Group CEO, said this achievement is evidence of the success of JUMO’s unique business model, its ability to reach unbanked populations and to provide market-leading infrastructure for financial services.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      JUMO partners with funders, banks and telecommunications companies to power a new generation of financial tools. The company was founded in London in 2015 and uses mobile wallet technology with data-driven credit prediction models to provide digital financial services infrastructure to partners, and products at scale to customers in emerging markets.
samielbaqqali

#40Days40FinTechs: JUMO is offering social impact financial products to the unbanked. -... - 0 views

www.digital-impact-awards.com/...ncial-products-to-the-unbanked

Financial services Fast Jumo

shared by samielbaqqali on 11 Feb 21 - No Cached
  • They use advanced data science and machine learning to create the fastest and leanest financial services infrastructure, according to Joel Muhumuza, the country manager JUMO Uganda.
  • samielbaqqali on 11 Feb 21
     
    Rapidity in the digital world is an important detail for businesses to encourage customers.
mbellakbail69

SA startup Jumo gets the backing from Goldman and Sach - 0 views

www.finextra.com/...-backing-from-goldman-and-sach

shared by mbellakbail69 on 11 Feb 21 - No Cached
  • This is the most coveted industry and selection of service in South Africa, where the fintech has become the most profitable business and have attracted millions of investors from around the world to become a part of the tech revolution currently changing the lives of everyday people across the continent. 
  • Yet another African startup is raking up millions from investors around the world during its round of financing and this time around the major investor is America’s most prestigious investment bank- Goldman and Sachs. The bank is just one of the investors willing to put its assets into the South African fintech startup Jumo that just recently closed its 55$ million round.
  • samielbaqqali on 11 Feb 21
     
    Companies like Jumo helped the citizens of the African continent be aware and familiar with Fintech.
mbellakbail69

JUMO Joins Leading Global Tech Startups In Google Launchpad Studio - Heavy Chef - 0 views

www.heavychef.com/...ups-in-google-launchpad-studio

shared by mbellakbail69 on 13 Feb 21 - No Cached
  • We are honoured to have the opportunity to collaborate with some of the leading minds in AI and ML to accelerate the extension of financial services to the billions of un(der)-served people in the world. We’re at a critical point in our business where we are focused on leveraging the latest technology to increase customer eligibility and decrease unequal access to quality financial products in emerging markets.” JUMO founder and CEO Andrew Watkins-Ball 
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      JUMO, a financial technology platform connecting underserved markets with financial services joins a cohort of companies from across nine countries and four continents, including Indonesia's billion-dollar unicorn startup Go-Jek and Starling Bank
chaimaa-rachid

Fintech Startup, JUMO Raises $55 Million to Expand its Loan Facility Across Africa - 0 views

technext.ng/...ilities-across-africa-and-asia

business outcomes partners customers

shared by chaimaa-rachid on 12 Feb 21 - No Cached
  • “I’m excited for our next phase. This backing will help us build a better business and break new ground. The strong vote of confidence, along with the world-class tech talent we now have in the business, means we can achieve exceptional outcomes for our partners and customers.” Andrew Watkins-Ball, CEO, JUMO.
  • chaimaa-rachid on 12 Feb 21
     
    The startup has evolved in Asia through Pakistan and now plans to grow into new business sectors and dispatch new products in Africa and Asia.
sawsanenn

JUMO - Crunchbase Company Profile & Funding - 0 views

www.crunchbase.com/...jumo-2

FinTech Financial inclusion Service

shared by sawsanenn on 13 Feb 21 - No Cached
  • We use advanced data science and machine learning to create the fastest and leanest financial services infrastructure.
    • ghtazi
      ghtazi on 13 Feb 21
       
      Jumo is based on speed to achieve its objectives, which are to create the fastest and leanest financial services infrastructure.
  • Our partners use our technology stack to offer savings, lending and insurance products to entrepreneurs in emergingmarkets.These next-generation products give anyone with a cell phone and mobile wallet access to unprecedented financial choice, enabling millions of people to prosper, build their businesses and drive economic growth.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This excerpt shows the importance of technology in this company. How fascinating we can use our smartphones in a financial way to build and prosper our businesses
sawsanenn

(2) JUMO.WORLD: Overview | LinkedIn - 0 views

www.linkedin.com/...jumo-world

Financial inclusion FinTech Service Africa Asia

shared by sawsanenn on 13 Feb 21 - No Cached
  • At JUMO we connect people to opportunities. Two billion people worldwide have limited access to formal financial services such as borrowing and saving. We’ve built a large-scale, multi-sided technology platform and designed progressive financial choices to reach them. We use their digital footprint to create a financial identity using only behavioural data.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      It a financial technology company that partners with banks, Multinational companies, and other e-commerce players to deliver progressive financial choices to customers in emerging markets
sawsanenn

SA fintech breaks the $2.5-billion disbursement mark in Africa and Asia - - 0 views

ventureburn.com/...sement-mark-in-africa-and-asia

Financial inclusion FinTech Service Africa Asia

shared by sawsanenn on 13 Feb 21 - No Cached
  • Operating in Uganda, Zambia, Kenya, Ghana, Tanzania, and Pakistan, the fintech plans to expand its offering and service to Côte d’Ivoire and Nigeria. 
    • ghtazi
      ghtazi on 13 Feb 21
       
      JUMO operates in Uganda, Zambia, Kenya, Ghana, Tanzania, and Pakistan. the company is thinking of expanding its activities to Cote d'Ivoire and Nigeria
  • Watkins-Ball comments on cost-effective technology used to collect information which strengthened the business model.  “When we founded JUMO, we were always clear that we can only achieve our mission by leveraging sophisticated information technologies at really low cost. The increase in our prediction capability decreases the cost of credit risk, allowing us to share more value with customers while driving sustainable returns for our bank partners.”
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it touches upon the ways in which Jumo manages to satisfy its customers by proposing cheap services and products, while at the same time being profitable and generating sustainable returns for corporate partners (banks). The business model here is clearly stated.
  • We’re optimistic about the possibilities in these markets and continue to see huge growth opportunities in Africa, with the potential to replicate our successes in other markets over the longer term.”
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This estimation is possible because of the large use of smartphones nowadays in different ways. This habit developed also during the covid since we had to use our smart gadgets to fulfill our tasks.
nourserghini

Top JUMO Competitors and Alternatives | Craft.co - 0 views

craft.co/competitors

Jumo Competitors

shared by nourserghini on 10 Feb 21 - No Cached
  • Bankai GroupBankai Group is a telecommunications company specializing in billing, routing, and VoIP Solutions.
    • nourserghini
      nourserghini on 10 Feb 21
       
      Jumo's competitors are Bankai Group, Lendvious, Jiayin and Lendify.
samielbaqqali

Fintech start-up Jumo bags $17m from UK investor, Banking News & Top Stories - The Stra... - 0 views

www.straitstimes.com/...jumo-bags-17m-from-uk-investor

Banks Credit score Security

shared by samielbaqqali on 11 Feb 21 - No Cached
  • Jumo manages a platform that provides financial services, such as loans and savings products, from partner banks to individuals and small businesses in emerging markets via mobile phones.
  • A potential borrower's credit risk profile is generated from behavioural data gathered through mobile networks. This helps banks that do not have data on these people to determine a credit score.
    • samielbaqqali
      samielbaqqali on 11 Feb 21
       
      This is a very sophisticated way in order to ensure secruity for banks.
hichamachir

The Anglophones Are Coming | Global Finance Magazine - 0 views

www.gfmag.com/...africa-cross-border-investment

JUMO Expansion Fintech

shared by hichamachir on 12 Feb 21 - No Cached
  • In January, Flutterwave announced a takedown of US$35 million to boost its expansion into sub-Saharan Francophone markets and North Africa. A month later, Jumo pushed its cumulative fundraising since 2015 to nearly US$150 million with a successful plea for cash to back its initiatives in Côte D’Ivoire, Nigeria and elsewhere on the continent.
  • hichamachir on 12 Feb 21
     
    JUMO is expanding in all Africa and it shows that the company aspire to dominate the whole African continent in its domain. I like this kind of behavior because when things are doing great, you have to aspire for everything!
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