Goldman Sachs joined a $55 million funding round in South African fintech startup Jumo

Yomi Kazeem
Goldman Sachs joined a $55 million funding round in South African fintech startup Jumo

African fintech has scored yet another major investment win: Jumo, a five-year old fintech startup has raised $55 million in debt and equity funding. The latest investment round saw participation from existing investors including Goldman Sachs, Odey Asset Management and Leapfrog Investments as well as new unnamed investors. It brings Jumo’s total funding raised to nearly $150 million and follows two major rounds in 2018 when the company raised $64.5 million.