Destin Africa 26 Fintech
JUMO: A Full Tech Stack for Building and Running Financial Services
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By Dinko Svetic, Country Manager, JUMO Zambia riefly tell us about JUMO and its mandate?
JUMO is a full technology stack for building and running financial services. We use advanced data science and machine learning to create the fastest and leanest financial services infrastructure. What products are in your stable now and what can customers look forward to?
To date, we have launched mobile credit products in all of our active markets. Our products are accessible, easy to use and understand. This is important since many of our customers have had minimal or no contact with financial services before. We have two types of credit products: a shortterm, single repayment loan and a longerterm installment product payable monthly. We recently launched a savings product in two markets giving customers the ability to save regardless of their location or the type of phone they have. Using mobile money infrastructure we’ve removed the time-consuming task of going to a branch to deposit or withdraw money.
which incentivises positive financial behaviour and serves as a financial education tool.
JUMO is also building a points programme
Our biggest differentiator is the way we use behavioural data, such as mobile money activity, to develop alternative credit scoring methods. We don’t require access
We are in the process of adding more financing options for merchants who stand to benefit most from access to working capital to grow their small businesses or for cash flow. www.destinafrica.co.ke
A customer accessing JUMO through his mobile phone. [Photo/Courtesy JUMO]
What sets JUMO apart from other providers in the industry?
to a customer’s social media information, or that they use a smartphone or mobile data to access our products and services. This helps keep the cost of accessing finance low for customers. How is JUMO leveraging new technologies to promote financial inclusion?
JUMO analyses alternative data sets to
