| Founded | 2014 |
|---|---|
| Closed | 2023 |
| Country | South Africa |
| Sector | Fintech |
| Total raised | $120M |
| Collapse type | Slow Death |
| Founder | Andrew Watkins-Ball |
JUMO
"The African mobile lending infrastructure raised $120M and discovered that lending to the mobile-first poor never scales profitably"
Years-long decline before final shutdown
Key Events Timeline
JUMO was a Cape Town-based financial services infrastructure company providing savings and credit products to underbanked consumers and SMEs in Sub-Saharan Africa and Pakistan via mobile networks.
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