Jumia Technologies AG
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Jumia Technologies AG - overview
Established
2012
Location
Lagos, -, Nigeria
Primary Industry
Software
About
Founded in 2012 and based in Lagos, Nigeria, Jumia Group operates as a provider of an online platform that allows sellers to distribute and market their products and services and consumers to purchase goods. The firm was founded by Amit Kumar, Tunde Kehinde, and Raphael Kofi Afaedor and has raised total funding of EUR 475 million in 2018. The firm also became a publicly listed company in 2019 under the ticker symbol JMIA on New York Stock Exchange. In August 2026, International Finance Corporation and other unspecified investors invested USD 50 million in Jumia Technologies AG, as part of a PIPE deal.
Jumia Group provides a marketplace platform that enables consumers to access a wide variety of products and services. The firm's online shopping platform provides products goods from groceries, electronics, fashion, hygiene care products, gadgets, and delivers the customer's orders to their address. The firm's platform also allows retailers to market their products and recruit interested individuals to become sales consultants and service providers. The firm also operates JumiaPay, a lifestyle mobile application that allows users to subscribe to various social communication plans, insurance policies, and pay their utility bills.
Jumia Group generates revenue by helping retailers in selling their products through the Jumia platform.
Current Investors
International Finance Corporation, Frontier Digital Ventures, Pernod Ricard SA
Primary Industry
Software
Sub Industries
Consumer Products, Logistics & Distribution, Sales & Marketing Software
Website
www.group.jumia.com/
Verticals
Cloud Computing, E-commerce, FinTech, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
Jumia Technologies AG - timeline of key events
Jumia Technologies AG - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 105,181,709.209 | 152,432,039.124 | 179,634,308.633 | - | - | - |
| % Revenue Growth (YoY) | - | 44.9% | 17.8% | - | - | - |
| EBITDA (USD) | (172,974,369.294) | (197,917,869.206) | (246,331,978.249) | - | - | - |
| Operating Income (USD) | (174,824,719.177) | (200,476,159.252) | (255,185,581.835) | - | - | - |
| Operating Margin | (166.2%) | (131.5%) | (142.1%) | - | - | - |
| % EBITDA Margin | (164.5%) | (129.8%) | (137.1%) | - | - | - |
| NET Income (USD) | (186,909,075.068) | (201,239,158.037) | (254,280,735.934) | - | - | - |
| % Net Margin | (177.7%) | (132.0%) | (141.6%) | - | - | - |
Jumia Technologies AG - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct, PIPE | Completed | Jumia Technologies AG | - | ||||||||
| Private Placement/Follow on | Completed | Jumia Technologies AG | - | ||||||||
| Unspecified Exit | Completed | Jumia Technologies AG | - | ||||||||
| Unspecified Exit | Completed | Jumia Technologies AG | - | ||||||||
| IPO | Completed | Jumia Technologies AG | - |
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Jumia Technologies AG - employee data
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