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South African fintech raises US$52m for Asia, Africa push; CEO moves to S'pore
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Claudia Chong
Published Tue, Sep 18, 2018 · 09:50 PM
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Singapore
SOUTH African fintech firm Jumo has raised US$52 million (S$71.5 million) in its latest funding round led by Goldman Sachs, which joins as a new investor.
The funds will be used for the firm's expansion into new growth markets in Asia and Africa. Jumo chief executive officer Andrew Watkins-Ball has relocated to Singapore to oversee the company's growth in Asia.
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