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South African fintech startup Jumo raises second $50M+ VC round

South African fintech startup Jumo closed a $55 million round from a diverse group of investors, the company confirmed.
Founded in 2015 and based in Cape Town, the venture offers a full tech stack for partners to build savings, lending, and insurance products for customers in emerging markets.
This week’s funding follows a $52 million raise by Jumo in 2018, led by U.S. investment bank Goldman Sachs, that saw the startup expand to Asia.
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