LONDON, 30 January 2023 – JUMO, a technology company building next-generation financial services for emerging market entrepreneurs, is pleased to announce the appointment of Joe Mucheru as President of the company.
In this new role, Joe will support the company to deliver its growth goals, navigate the regulatory landscape, and build the firm’s presence across the African continent.
Joe was the former Kenyan Cabinet Secretary in the Ministry of ICT, Innovation and Youth Affairs, appointed by then President of Kenya, Uhuru Kenyatta. He held office from 2015 to 2022. He brings a wealth of government experience and in-depth knowledge of pan-African tech to the JUMO executive team and board.
Joe was previously the head of Sub-Saharan Africa (SSA) for Google, based in Nairobi, serving as Google’s first SSA employee. He joined Google in 2007 where he led the delivery of strategy, business planning and operations and was key to setting up Google’s presence on the continent. Prior to Google, he worked at Wananchi Online, the parent company of internet service provider Zuku, a company he co-founded in 1999.
Joe is a global board member of UNICEF Generation Unlimited, the world’s first public-private-youth partnership working to skill and connect the world’s 1.8 billion young people to opportunity, as well as a Trustee of the University of Nairobi Foundation. He previously held board positions at the M-Pesa Foundation Academy, a state-of-the-art residential high school in Kenya funded by M-PESA, Vodafone and Safaricom, Bitpesa (now Aza Group), an international money transfer platform, and GiveDirectly, a non-profit allowing donors to provide direct cash transfers to those in need. He is also the former Chairman of the African Telecommunications Union.
In 2010, he was awarded the Moran of the Order of the Burning Spear(MBS), as well as the Elder of the Golden Heart (EGH) in recognition of his contribution to ICT in Kenya. He is a member of the African Leadership Network, the Kenyan National Prayer Breakfast, and the East African Business Summit.
Andrew Watkins-Ball, JUMO Founder and CEO, said: “We are honoured to be able to welcome Joe to JUMO. He brings an invaluable perspective given his experience as an entrepreneur, Google executive and regulator.”
Joe Mucheru, incoming President, said: “JUMO is revolutionising the lending space in Africa, connecting entrepreneurs and individuals to the financial products they need to grow and prosper. I am hugely excited to be joining a business that is helping capital providers make attractive returns at the same time as supporting measurable impact. I look forward to working with Andrew and the team.”
Fondée à Londres, JUMO a mis au point une plateforme intelligente qui permet aux banques d'atteindre des millions de nouveaux clients grâce à des produits de crédit et d'épargne. JUMO a pour objectif de faciliter l'accès des bailleurs de fonds à de nouveaux clients à des tarifs abordables, tout en leur garantissant des rendements prévisibles.
In 2022, JUMO appointed Nichola Pease as Non-Executive Chair and Michael Ball, the former CFO of World Remit, as Chief Financial Officer.
To date, the JUMO platform has been used to make 130 million loans, totalling $4 billion, to more than 20 million people and small businesses in Ghana, Uganda, Kenya, Tanzania, Zambia and Côte d’Ivoire.
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À propos de JUMO
Fondée en 2015, JUMO est la plateforme « Banking as a Service » leader du marché qui utilise l'intelligence artificielle pour favoriser l'services e financière sur les marchés émergents.
JUMO propose des produits d'épargne et de crédit aux entrepreneurs des marchés émergents, ainsi qu'une infrastructure d'services s financières à des partenaires tels que les opérateurs de monnaie électronique, les plateformes de fintech mobiles et les banques.
La plateforme dispose de deux fonctionnalités fondamentales :
- Core – which provides end-to-end, next generation banking infrastructure and
- Unify : le processeur d'intelligence artificielle qui transforme les données afin de réduire les coûts et les risques liés aux prêts.
Since founding, JUMO has enabled the disbursement of more than US$4 billion in loans and reached over 20 million customers and small businesses. They are active in six markets including Ghana, Tanzania, Kenya, Uganda, Zambia and Côte d’Ivoire.
Pour toute demande de la presse, veuillez contacter contact:
JUMO@brunswickgroup.com
+27 (0)82 405 8115
