Friday, March 29

Tag: Jumo

Absa, Tigo & JUMO Join Forces to Expand FinTech in Tanzania
Fintech

Absa, Tigo & JUMO Join Forces to Expand FinTech in Tanzania

Mobile fintech platform services provider, JUMO today announced a new partnership with Absa Bank Tanzania and Tanzanian telecom firm Tigo to increase the availability of the existing short-term credit product Tigo Nivushe in the country. The new tripartite agreement reached with Absa will pave the way for more funds to be disbursed through JUMO’s intelligent banking platform, from September 2021, says JUMO. Tigo Nivushe is a mobile lending product that is an easily accessible, short-term loan option available to Tigo Pesa’s customers and funded by Absa Bank. Customers who are registered and sufficiently active on Tigo Pesa can borrow amounts ranging from TZS2,000 ($0,08) to TZS1-million ($431,22) depending on their requirements and eligibility. Continue reading Image: Wikiwand...
Jumo, MTN launch mobile money loan offering to improve SME credit access in Ivory Coast
ecommerce, Mobile

Jumo, MTN launch mobile money loan offering to improve SME credit access in Ivory Coast

South Africa-based Jumo has partnered with MANSA Bank and MTN Mobile Financial Services to provide loans to entrepreneurs and small businesses in Ivory Coast. Founded in 2015 and backed by Goldman Sachs, Jumo offers savings and credit products to entrepreneurs in emerging markets, as well as financial services infrastructure to partners such as e-money operators and banks. In Ivory Coast, which is Jumo’s most recent market, the collaboration will see the company introduce its new short-term and small-scale loan product, VitKash, built in partnership with MANSA and offered through MTN’s mobile money platform. Continue reading Image: UNCDF