Jumia Group, the leading e-commerce platform in Africa, has successfully raised an impressive $95 million in funding to further strengthen its mission of enhancing digital commerce across the continent. As a comprehensive ecosystem that encompasses a marketplace, Jumia Logistics, and JumiaPay, the company connects millions of consumers and sellers, enriching lives through accessible shopping and payment solutions. This significant capital injection will enable Jumia to expand its operations, enhance its logistics network, and improve the JumiaPay platform, ultimately providing an even smoother user experience for its vast customer base of over 500 million internet users. With a workforce of more than 5,000 employees spread across over 10 African countries, Jumia is dedicated to fostering entrepreneurship and creating job opportunities for a new generation in a fast-evolving market. As e-commerce continues to revolutionize the retail landscape in Africa, Jumia’s commitment to sustainability and economic empowerment reflects its vision of creating lasting social impact. By leveraging its innovative technology and strategic partnerships, the company aims not only to tap into the continent's burgeoning digital economy but also to support the growth of small and medium enterprises (SMEs) that play a crucial role in the region's development. The new funding round will expedite Jumia’s journey toward becoming the go-to platform that facilitates commerce in Africa, and reiterates its position as a beacon of growth and opportunity in the burgeoning e-commerce space.
Jumia Group Raises $95 Million to Empower E-Commerce in Africa
Get the full Jumia Group company profile
Access contacts, investors, buying signals & more
Other recently funded companies
View all
Recursive AI
CodeSnipe: https://codesnipe.net/ We're revolutionizing software development through AI-powered automation. Our cutting-edge products seamlessly integrate with any tech stack to perform coding tasks in seconds, enabling engineering teams to focus on what matters most: innovation and strategic initiatives. By eliminating time-consuming routine tasks, we help companies accelerate their development cycles and unlock their engineers' full creative potential. Our technology adapts to your existing codebase, making implementation effortless and delivering immediate productivity gains. Join the growing number of teams using our AI solution to build better software, faster.
$650.0M Seed
today
Eisen
Eisen is the first Account Offboarding company. Financial institutions use Eisen's escheatment, disbursement, and outreach tools to streamline account offboarding while automating manual work and reducing risk of non-compliance.
$10.0M Series a
today
Rely
The best place to find and rent your home.
$4.5M Seed
today
Hellbender Inc.
Bringing computer vision and AI/ML products to the edge. From R&D to Product Our team has experience conducting research starting at Technology Readiness Level 3 up through production and fielding. Where most small firms stop at the acquisitions "Valley of Death," we can help you go from experiment to product. Sensors and Robotic Systems With a strong background in sensors, field robotics, and embedded machine learning, we can help you leverage the best practical technology available to solve your problems. Domestic Manufacturing We do prototype and low-rate manufacturing right here in-house. Modern manufacturing equipment enables us to re-shore domestic manufacturing. Our current investments include an SMT pick and place line, robotic work cells, camera focus, sensor calibration, and light machining. We're building our process to be FAR compliant and meet AS9100D for quality. We'd be excited to be a trusted supplier for you. Partnerships We think that our transparent, frank, and honest approach to doing business makes us a trustworthy partner that will be a steward of your interests. Have a team capability or skill gap that needs to be filled? Have a sensor or robotics R&D project to transition to product? We are a flexible partner that would love to speak with you about your needs.
$12.5M Seed
today
Bee Payroll Ltd
Accurate and trusted payroll operations are a core function for ensuring your organisation’s success. We at Bee Payroll provide qualified and friendly expertise to help you succeed with this. We collectively possess more than 50 years of experience encompassing all facets of the payroll profession: including the educational sector, payroll service providers, payroll consultancy and software implementations, in-house payroll management as well as operational experience within HMRC. All team members at Bee Payroll are CIPP qualified members and have extensive experience processing payrolls, P11Ds and CIS returns of any size and from any industry. We offer a range of payroll & HR services including, but not limited to: - Outsourced Payroll Services - CIS Processing & Consultancy - Payroll Software Implementations - Payroll Training, Mentoring and Coaching - Guidance on optimal payroll procedures and efficiency generation. - Ad-hoc Payroll & HR Consultancy Our vision is to be the premier provider of outsourced payroll processing, payroll & HR training and consultancy services. If you have any questions, do contact us on enquiries@beepay.uk or call us on 01536 297584.
$400.0K Seed
today