Jumo receives $7.5 million from BlueOrchard for Uganda lending

Jumo has received a $7.5 million commitment from the BlueOrchard Microfinance Fund, managed by BlueOrchard Finance Ltd, a member of the Schroders Group. Jumo announced the deal in a press release dated 19 November 2025. The money supports the asset-backed securitisation structure behind its Uganda lending, which was first announced in June 2024.

How the structure works

Standard Bank is the sole arranger and senior lender on the securitisation. The funding pays for local-currency lending in Uganda on more favourable terms, with a focus on first-time borrowers. The partners plan to replicate the model in other African markets. More than 4 million Ugandan clients are expected to benefit from the structure.

About Jumo

Jumo provides AI-led fintech that helps banks, e-money operators and payment providers offer digital credit and savings products to entrepreneurs in Africa. It operates in Ghana, Kenya, Tanzania, Zambia, Uganda, Côte d'Ivoire, South Africa, Benin and Cameroon. Since 2015 it has disbursed over $8.8 billion to 36 million people and administered over 270 million individual loans. Founder and then chief executive Andrew Watkins-Ball said: "BlueOrchard's participation is an incredible boost for our ABS financing structure."

At a glance

• Company: Jumo
• Raised: $7.5 million
• Round or Type: Commitment to asset-backed securitisation
• Investor: BlueOrchard Microfinance Fund
• Arranger and senior lender: Standard Bank
• Markets: Nine African countries including Uganda and South Africa
• Key number: $8.8 billion disbursed since 2015