Jumo
Date | Investors | Amount | Round |
---|---|---|---|
$3.5m | Grant | ||
N/A | N/A | Acquisition | |
N/A | N/A | Series A | |
$50.0k | Seed | ||
Total Funding | €3.2m |
Recent News about Jumo
EditJUMO is a financial technology platform that provides digital financial services to underserved markets, primarily in Africa and Asia. The company leverages data analytics and machine learning to offer tailored financial products such as loans and savings solutions to individuals and small businesses who lack access to traditional banking services. JUMO partners with mobile network operators and banks to reach its target customers, utilizing mobile technology to facilitate transactions and financial management. The business model is based on earning revenue through interest on loans and fees for financial services provided. JUMO's innovative approach helps bridge the financial inclusion gap, enabling economic growth and stability in emerging markets.
Keywords: Fintech, Digital Financial Services, Underserved Markets, Data Analytics, Machine Learning, Loans, Savings, Mobile Technology, Financial Inclusion, Emerging Markets.