Former CEO and co-founder of Amplify, Segun Adeyemi, has joined fintech company, Jumo as the Country Manager for Nigeria.
Segun made this known on his LinkedIn page in a post detailing how he took the decision to join Jumo after the acquisition of Amplify by One Finance Limited (OneFi), a consumer lending platform provider.
JUMO is a full technology stack for building and running financial services. They use advanced data science and machine learning to create the fastest and leanest financial services infrastructure.
In simple terms, JUMO enables anyone with a cell phone and mobile wallet access to credit, savings, insurance and other financial services. The capital and underwriting is provided by partners, typically local banks and financial services providers like Ecobank, Barclays, Letshego, etc. in the markets where the company currently operates.
In his post, he says he joined Jumo based on its alignment with his personal mission of – contributing significantly to the economic prosperity of my environment. According to him, he chose this over going back to an Ivy league school for further studies.
As Country Manager, Segun will be primarily focused on setting up and building the business in Nigeria in-line with the broader strategic direction of the company. This includes partner identification, engagement and management; being the Nigerian expert and representative for the business; and also driving the JUMO massive transformative purpose in Nigeria.
Jumo is operational in 6 countries and set to launch in 4 more. Over 13 million entrepreneurs and individuals have been reached, with loans of over USD$1 billion disbursed and USD$103 million in funding raised from globally respected investors, including the $52 million investment led by Goldman Sachs last year.
Today JUMO employs over 350 people in 11 countries and this is projected to grow to 500 by the end of 2019.
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