Jumia Raises $50m in IFC-Led Funding to Drive African E-Commerce Growth

Jumia Wins IFC, Axian Backing in $50 Million Equity Fundraising

Jumia Technologies AG secured $50 million in fresh equity funding from its biggest shareholder and the World Bank’s International Finance Corp. as the African e-commerce company pushes toward its first profit.

World Bank Backs Jumia With $25 Million

The World Bank Group is backing the expansion of digital commerce across Africa through a $25 million equity investment in Jumia Technologies AG, with the funding expected to increase  opportunities for small businesses, create jobs and strengthen the continent’s digital trade infrastructure. The investment, made through the International Finance Corporation (IFC), the World Bank Group’s … The post Why the World Bank is putting $25 million behin…

Hassanein Hiridjee joins IFC in Jumia's $50 million raise

Hassanein Hiridjee has put more money into Jumia Technologies, joining the World Bank's private sector arm in a $50 million equity raise that gives Africa's largest listed e-commerce company its strongest institutional backing since it went public.Axian, the Mauritius-based group the Malagasy billionaire founded and leads, participated alongside selected new investors in the half of the round not taken by the International Finance Corporation, w…

Jumia Raises $50m in IFC-Led Funding to Drive African E-Commerce Growth

By Adedapo Adesanya African e-commerce platform Jumia has secured $50 million in post-IPO equity financing, led by a $25 million investment from the International Finance Corporation (IFC), a member of the World Bank Group, as the company strengthens its financial position and accelerates its path to profitability. The funding round, which also attracted existing major […]

Jumia raises $50 million led by IFC as Q2 revenue rises 14%

Africa’s e-commerce giant, Jumia Technologies AG, has secured $50 million through a capital raise anchored by a $25 million investment from the International Finance Corporation (IFC), a member of the World Bank Group. The post Jumia raises $50 million led by IFC as Q2 revenue rises 14% appeared first on Nairametrics.

African E-Commerce Giant Jumia Raises USD 50 M In Equity Funding Led By IFC

African e-commerce company Jumia has raised USD 50 M in post-IPO equity funding, anchored by a USD 25 M investment from the International Finance Corporation (IFC), a member of the World Bank Group. The round also includes investments from existing major shareholders and selected new investors. The fresh capital comes as Jumia Technologies, founded in 2012 and headquartered in Berlin, works to strengthen its financial position and move toward pr…