Jumo SMB’s 120M in Fidelity, 400M Keneokafor Techcrunch

Jumo SMB’s 120M in Fidelity, 400M Keneokafor Techcrunch, a fintech startup offering digital financial services, has announced the successful completion of its Series C round, raising $120 million in funding. The round was led by Fidelity and other investors, and resulted in a $400 million valuation for the company. This news was reported by TechCrunch, a leading technology news outlet. This latest round of funding brings Jumo’s total raised to $195 million, and will allow the company to further expand its digital financial services offerings.

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Overview of Jumo

Jumo is a fintech startup that provides digital financial services to its customers. Founded in 2015, the company has grown rapidly and now serves customers in more than 50 countries across the world. Jumo’s services include cash transfers, payments, investments, and access to financial products.

Funding Details

Jumo recently announced that it has successfully completed its Series C round of funding, raising $120 million. The round was led by Fidelity and other investors, and resulted in a $400 million valuation for the company. This news was reported by TechCrunch, a leading technology news outlet. This latest round of funding brings Jumo’s total raised to $195 million.

What Jumo Will Do with the Money

Jumo says it will use the money from its Series C round to further expand its digital financial services offerings. This includes expanding into new markets, launching new products, and investing in its technology platform. The company also plans to use the money to strengthen its customer service operations and hire new talent.

Who Was Behind the Funding Round

The Series C round of funding was led by Fidelity and other investors. Fidelity is one of the largest asset management firms in the world, and is a major player in the fintech space. The other investors in the round included existing investors such as Quona Capital, the Omidyar Network, and the IFC.

Impact on the Fintech Industry

The successful completion of Jumo’s Series C round is an important milestone for the fintech industry. It shows that investors have confidence in the company’s vision and technology, and it validates the potential of digital financial services. The success of Jumo could attract more investors to the fintech space, which could result in more competition and innovation in the industry.

Conclusion

Jumo SMB’s 120M in Fidelity, 400M Keneokafor Techcrunch is a great example of a powerful and innovative technology. It provides a secure and reliable way to send and receive payments, and is ideal for small businesses looking for a secure and low-cost payment solution. With its impressive features and benefits, this technology is sure to help many businesses, large and small, to streamline their payment processes and increase their overall profitability.