# JUMO: Financial services, Cape Town, South Africa

> JUMO: JUMO is a mobile financial technology platform founded in 2015 and based in Cape Town, South Africa. Based in Cape Town, South Africa. Founded 2015.

Source: https://millionrounds.com/startup/jumo-3 (Millionrounds; every figure on the page links to its filing or article)

South Africa · [Financial services startup](https://millionrounds.com/companies)

# JUMO

JUMO is a mobile financial technology platform founded in 2015 and based in Cape Town, South Africa.

Funding reported Last round: Undisclosed round

Financial services Cape Town, South Africa

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Company summary

- **Founded:** 2015 11 years old
- **Team:** 270 201 to 1,000 people
- **Funding reported:** 321.1M as listed, currency not stated
- **Last round:** Undisclosed round Nov 2021

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for JUMO has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About JUMO

JUMO is a mobile financial technology platform founded in 2015 and based in Cape Town, South Africa.

It is a leading provider of Banking as a Service in Africa and Asia, enabling banks to offer innovative credit and savings products to millions of entrepreneurs in emerging markets. JUMO has disbursed over 40 million loans to more than 10 million users, aiming to connect underserved individuals to essential financial services. The company provides a range of financial services infrastructure to partners, including banks and mobile network operators. Its core offerings include next-generation core banking infrastructure, AI-powered lending solutions, and comprehensive risk management services. JUMO's product lineup features mobile loans, lending to airtime credit agents, business cash advances, and savings products, all designed to meet the needs of underserved individuals and small businesses. JUMO partners with various financial institutions and digital marketplaces to enhance financial inclusion across its target markets.

## What company datasets say JUMO raised

Funding, as reported

Reported in all **321.1M** in the source's currency

Rounds **8**

Last round **Undisclosed round**

Last round size **7.5M**

Last round date **Nov 2021**

Investors listed **12**

## On 2 portfolio pages

Investors who name them

- [Athena Capital](https://millionrounds.com/fund/athena-capital-3)
- [Juven](https://millionrounds.com/fund/juven)

Each firm lists JUMO on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

philanthropy charity savings products customer-centric financial products consumers ai credit scoring in emerging markets funding partners reserve community development mobile financial services customer engagement tools economic growth enterprises mobile banking automated algorithms ai and machine learning

Built with from their website

GitHub Actions Docker Google Tag Manager WordPress.org HREF Lang AWS Trusted Advisor Atlassian Elementor Sumologic Microsoft Windows

+8 more

Viewport Meta Optimization Detective Site Kit SiteGround Enhanced Responsive Images Hubspot Amazon Simple Queue Service Spinnaker

- **Sector:** Financial services
- **Industry code:** NAICS 52232, 51321, 522390, SIC 7389
- **Region:** Western Cape
- **Revenue:** 11M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/jumo-a89d592ad8)

## Financial services in South Africa

Startups like it

- [**Naked** Johannesburg · founded 2016 *Raised*](https://millionrounds.com/company/naked)
- [**Yoco** Cape Town · founded 2015 *Raised*](https://millionrounds.com/company/yoco)
- [**littlefish** Johannesburg · founded 2023 *Raised*](https://millionrounds.com/company/littlefish)
- [**Jem** Cape Town · founded 2020 *Raised*](https://millionrounds.com/company/jem)
- [**Sourcefin** Sandton · founded 2020 *Raised*](https://millionrounds.com/company/sourcefin)
- [**Happy Pay** Cape Town · founded 2021 *Raised*](https://millionrounds.com/company/happy-pay)
- [**NjiaPay** Cape Town · founded 2024 *Raised*](https://millionrounds.com/company/njiapay)
- [**Orca Fraud** Cape Town · founded 2024 *Raised*](https://millionrounds.com/company/orca-fraud)

## Is this your company?

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