Jumo raises $55 million

JUMO , a technology company building next-generation financial services for emerging market entrepreneurs, has raised $55 million in debt and equity funding. The funding round introduced new investors to join existing investors such as Goldman Sachs, Odey Asset Management and Leapfrog Investments.

Founded in 2015, JUMO, which raised $146 million across venture and debt, offers financial services infrastructure to third parties to build savings, lending, and insurance products for customers in emerging markets. So far, the company served over 15 million customers across countries, including Ghana, Kenya, Pakistan, and Tanzania, and it plans to use the capital to launch new products and expand into new markets.

“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, JUMO’s founder & group CEO.