JUMO

JUMO is a mobile financial services platform that serves as a Banking as a Service provider, primarily targeting emerging markets. Founded in 2015 by Andrew Watkins-Ball, the company has rapidly established itself as a leader in digital finance by allowing users to access financial services through their mobile devices. JUMO’s platform integrates directly with the existing digital infrastructure of banks and mobile network operators (MNOs) to facilitate seamless access to loans and savings accounts. Since its inception, JUMO has processed over 40 million loans, empowering millions of small and medium enterprises to thrive through easier access to capital.

The technology employed by JUMO leverages artificial intelligence and machine learning to analyze user behavior and creditworthiness in real-time. Using non-traditional data points such as mobile wallet transaction histories and GSM records, JUMO removes the barriers typically set by traditional banking systems. This innovative approach allows them to issue loans without requiring a formal credit history, making financial services more accessible to unbanked and underbanked populations across Africa and Asia. The company’s commitment to promoting financial inclusion encourages economic growth and stability in regions where formal banking infrastructure is lacking.