CEO Andrew Watkins-Ball says the bulk of the cash injection will be used to hire people and expand its distribution network
Fidelity Management & Research Co, the world’s fourth-largest asset manager, led a $120m new funding round for SA-based Jumo, joining a host of international investors in betting that the company’s efforts to help extend financial services to entrepreneurs in emerging markets will pay off.
Founded in 2015, Jumo — now valued at $400m according to Britain’s The Times — primarily offers savings and credit products to entrepreneurs in emerging markets, as well as technology infrastructure to partners such as mobile operators and banks to assess lending risks, detect fraud and verify the identity of their clients...
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Top 10 music videos that make us miss the '90s | ChannelFor this list, we're looking at music videos that defined one of the most dynamic, grunge-tastic, crazy, sexy, cool decades in the history of music.
Read more »
US finally reopening borders after 20 monthsThe United States reopens its land and air borders Monday to foreign visitors fully vaccinated against Covid-19
Read more »
At rally to back military's campaign, Ethiopians denounce the US“Shame on you USA,” read one demonstrator's placard, while another said the US should stop “sucking Ethiopia's blood”.
Read more »
Iran demands assurance US will not pull out of nuclear dealIran on Monday demanded US guarantees it will never again pull out of the 2015 nuclear accord and warned Tehran will not accept any partial return to the deal.
Read more »
NEAL BOTJE: The third global war is digital and affects all of us everywhereOrganisations are hit twice a month by cyberattacks and this has already moved to nation state levels
Read more »