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Fintech Startup Jumo Raises $55 Million Funding as Growth Investment

By ET Bureau - February 27, 2020 1 Mins Read

Jumo, Fintech, Startup, Goldman Sachs, Odey Asset Management, LeapFrog, Venture capital, Venture round, South Africa

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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