JUMO is a start-up that offers people who are often excluded from the banking system the opportunity to take out loans or subscribe to savings products using their mobile phones. Jumo has built a large-scale, multi-sided technology platform and designed progressive financial choices to reach those people. They use their digital footprint to create a financial identity using only behavioral data. It has developed a credit scoring algorithm that allows the client’s ability to repay a loan to be estimated based on data on their use of their mobile phone and electronic wallet.
- Organization Jumo
- Location Afrique du Sud,Côte d’Ivoire,Ghana,Kenya,Tanzanie,Ouganda,Zambie
- Creation date 12/02/2021
- Project category Smart-economy