FundingNigeria·

Jumia: Raised $50M via an ADS offering anchored by IFC ($25M), with Axian and others

Why it matters

Fresh capital anchored by IFC supports Jumia's push towards profitability, where efficient customer acquisition matters more than ever.

Source: Nairametrics. This summary by EcoPulse Africa is based on that public report. Spotted an error? Tell us.

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