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News by FinTech Collective Archive

Goldman Sachs led a $55m funding round in South African fintech startup Jumo

Faisal Kawar

February 27, 2020

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Faisal Kawar

africa

South Africa based fintech platform for financial institutions and telecoms has raised $55m in debt and equity funding led by Goldman Sachs.

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Jumo’s South African founder Andrew Watkins-Ball, says the company’s “next phase” will see it develop more products and open up shop in Nigeria and Côte d’Ivoire this year. The company, which already operates in Pakistan, also plans to launch in India this year as well.

https://qz.com/africa/1808669/goldman-sachs-leads-55m-raise-in-south-african-fintech-jumo/

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