
Opportunity everywhere
At JUMO we tap into opportunities, with every step we take. While we’ve been recognised for excellence and growth beyond expectation, most of our work is unseen.
At JUMO we tap into opportunities, with every step we take. While we’ve been recognised for excellence and growth beyond expectation, most of our work is unseen.
Perseverance pays off
Since founding in 2015 JUMO has become the market leading Banking as a Service platform that uses AI to power financial services in emerging markets.
JUMO was founded in London by Andrew Watkins-Ball, with a vision of reimagining finance in emerging markets.
The founding team started working to prove that data can be used to predict the financial behaviour of millions of people without access to finance.
Credit risk, engineering and other capabilities were developed with industry-leading talent.
The first ecosystem partnerships were established with Tigo, Airtel and MTN to bring short-term loan products to people and small businesses in Kenya, Zambia and Uganda.
The first funding partner was introduced to the platform. JUMO’s partnership with Letshego Bank in Ghana enabled payment and capital providers to work together to build products.
The company grew rapidly and the team increased from 112 exceptional employees to 197 in 2016.
A huge expansion of the engineering department grew the number of technical experts working for JUMO tenfold.
JUMO won the Mastercard Foundation Clients at the Centre Prize, recognising outstanding value for customers.
The company was selected for class 4 of Google’s Launchpad Accelerator alongside five other African startups.
The AppsAfrica Changing Africa Award, acknowledging game changing initiatives across Africa, went to JUMO.
A funding round of $52m USD was closed. The round was led by Goldman Sachs, with participation from Proparco, FinnFund, Vostok Emerging Finance, Gemcorp Capital, and LeapFrog Investments. A further $12.5m USD was secured from Brook Asset Management.
JUMO partnered with Telenor and Telenor Microfinance bank to launch the first commercial product in Asia.
CEO and founder Andrew Watkins-Ball relocated to Singapore to support the company’s expansion in the region.
The use of digital savings, by JUMO in Tanzania and Zambia, grew rapidly.
The London Stock Exchange Group (LSEG) recognised JUMO as one of 360 Companies to Inspire Africa in 2019.
JUMO was invited to participate in Google’s Launchpad Studio.
The Customer Alignment Award was given to JUMO at LendIt Fintech in San Francisco.
JUMO secured another funding round of US$55 million to support market and product expansion.
Fast Company SA named JUMO one of the most innovative companies owing to advanced data science and Machine Learning capabilities.
Timiza Akiba, a JUMO-powered savings product, grew 30% in 3 months despite COVID conditions.
JUMO won Platinum for Responsible Digital Innovator of the Year and Silver for Product Innovation of the Year at the Global SME Finance Forum Awards.
Award winning recognition
JUMO has significant and measurable impact. Over the past three years we have won multiple awards for innovation, responsible lending, customer-centricity and making a difference.








