Jumo

Active#2 in South Africa

Estimated valuation · Banking-as-a-service · South Africa

Banking-as-a-service platform that partners with banks and mobile money operators in Africa and Asia to offer savings and credit products using data and machine learning.

Fintech›banking-as-a-service

Founded2014

HQCape Town

RaisedUSD 200M

Last roundFunding round · Nov 2021

Country of originSouth AfricaListed in the South Africa ranking

Where would you invest?South AfricaJurisdiction as cited by the ranking

Estimated valuation

AI · South Africa ranking

≈ USD 620MUSD 310M–1.2bn · Hundreds of M$

Hundreds of k$

Millions $

Tens of M$

Hundreds of M$

Unicorn

Decacorn

Hectocorn

Anchor: Last known equity round: Funding round · USD 120M · Nov 2021
Published valuation: USD 400M · Nov 2021 · older than 24 months, shown for reference
AI adjustment: None

An indicative editorial estimate produced by AI, imperfect by nature: neither a financial valuation nor investment advice. Only the market sets a company’s value. Method

Uback rankings

How the AI ranks →

Ranking	Tier	Rank	Edition	Next update
South Africa · all sectors	Top 20	#2	Edition 0 · October 2026	17 Jan 2027

Rank historyOct 2026 · #2First edition: no movements yet.

Funding history

USD 200M raised in total

Date	Round	Amount	Type	Investors
Nov 2021	Funding round	USD 120M	Equity	Fidelity Management & Research, Visa, Kingsway Capital

Rounds as cited by Uback’s rankings. Equity, debt and grants are shown separately; only equity rounds count towards the valuation anchor.

Independent analyses

By industry professionals & analysts

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AI valuation: $620MUndervalued or overvalued?

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Who should acquire itStrategic buyers, and why

Who should it acquireAcquisition targets, and why

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What the AI reads

Read by the AI at the next edition.

Comparable companies in South Africa

Full South Africa ranking →

Tyme Group#1Fintech › digital bankUnicorn Yoco#4Fintech › SME paymentsHundreds of M$Stitch#5Fintech › payment infrastructureHundreds of M$Ozow#7Fintech › account-to-account paymentsHundreds of M$

Last updated: Oct 2026Report an error

Uback is a content publisher and an aggregator of non-binding expressions of interest. It provides no investment advice, receives no mandate and takes part in no transaction. Rankings, ranges and brackets are editorial estimates produced by AI, purely indicative.