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Jumia’s Funding And Buyers

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Join CAI and show your clients that your business meets the business requirements of workmanship. Pan-African e-commerce operator running an online marketplace alongside logistics and digital fee services for retailers and shoppers. Citigroup, one of Jumia’s IPO underwriters, released a report debunking most of Citron’s allegations but noted that, “Jumia may do more to offer disclosure on some features of its operations, as a matter of transparency and greatest practice.” The market helps hundreds of thousands of shoppers and sellers to attach and transact. The firm was previously known as Africa Web Holding GmbH and changed its name to Jumia Applied Sciences AG in January 2019. It serves by way of shoppers, retailers, distributors, and different company patrons.

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