Jumo, South Africa based fintech startup, recently closed its new VC round funding of $55 million – which was led by a diverse group of investors. Earlier, the company bagged about $52 million as its first funding by Goldman Sachs in September 2018. To raise funds from prominent investors and expand abroad, it joined a growing list of digital-finance startups in Africa.
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A spokesperson from Jumo mentioned in a statement to TechCrunch, “This fresh investment comes from new and existing…investors including Goldman Sachs, Odey Asset Management and LeapFrog Investments.” The company raised an overall $146 million capital, and it is planning to expand to new markets and launch new products spanning Asia and Africa.
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Source: https://techcrunch.com/2020/02/26/south-african-fintech-startup-jumo-raises-second-50m-vc-round/
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