
JUMO is a market-leading Banking as a Service platform founded in 2015 that uses AI and machine learning to provide financial services in emerging markets. It offers a smart financial services platform enabling partners to provide loans, savings, and other financial products to underserved customers without formal financial identities. The platform combines next-generation banking infrastructure with a learning machine to reduce lending risk and cost. JUMO serves millions of people and small businesses across multiple African countries and is expanding globally with operational hubs in Cape Town, Nairobi, Porto, and London. It focuses on financial inclusion, responsible banking, and data privacy, supporting partners like banks and eMoney operators to access new markets and offer affordable financial products. The company has disbursed billions in funds and millions of loans, maintaining a low cost of risk and strong traction in emerging markets.

JUMO is a market-leading Banking as a Service platform founded in 2015 that uses AI and machine learning to provide financial services in emerging markets. It offers a smart financial services platform enabling partners to provide loans, savings, and other financial products to underserved customers without formal financial identities. The platform combines next-generation banking infrastructure with a learning machine to reduce lending risk and cost. JUMO serves millions of people and small businesses across multiple African countries and is expanding globally with operational hubs in Cape Town, Nairobi, Porto, and London. It focuses on financial inclusion, responsible banking, and data privacy, supporting partners like banks and eMoney operators to access new markets and offer affordable financial products. The company has disbursed billions in funds and millions of loans, maintaining a low cost of risk and strong traction in emerging markets.
Business: Banking-as-a-Service fintech for emerging markets (loans, savings, insurance)
Founded: 2014
Scale: Serves millions of customers; originated billions in loans
Funding signal: Multiple institutional rounds including a $52M round led by Goldman Sachs (2018)
Financial inclusion and access to credit for underserved consumers and small businesses in emerging markets.
2014
Fintech
52000000
Round reported at $52M to fund Asia expansion
12500000
Extension to the 2018 round
55000000
Reported $55M financing in February 2020
“Participation from institutional investors including Goldman Sachs, Fidelity, Visa, Odey Asset Management, LeapFrog and others”