JUMO announced today that they were accepted into Class 4 of the Google Launchpad Accelerator. The Launchpad Accelerator targets growth-stage companies and invites them to their headquarters in Mountain View for work-shops and networking with the Silicon Valley eco-system.
It is a 2-week leadership bootcamp in July is followed by 6 months of mentorship and support designed to help scale businesses. Names of all companies accepted into the programme were announced in a post on the Google Developers Blog.
JUMO CEO and Founder Andrew Watkins-Ball said, “We are solving a really important problem
and it’s exciting when someone like Google takes notice.”
The Launchpad Accelerator, which opened to African countries (Kenya, South Africa, Nigeria) for the first time this year, selects the best emerging market startups via a rigorous application process. In addition to the bootcamp, $50,000 equity-free funding and support and $100,000 worth of Google products, JUMO will benefit from the opportunity to work closely with Google for 6 months.
Using behavioural data from mobile usage, JUMO is tackling inequality in relation to access to financial services head on. The company, which launched in 2015, partners with large digitalfootprint holders such as mobile network operators to deliver a new generation of financial services to customers who need instant access to working capital, savings and other financial services.
JUMO is present in all the leading mobile money markets in Sub-Saharan Africa including Kenya, Tanzania, Zambia, Uganda, Rwanda, Ghana with operations support in Cape Town. The company is commencing operations in Asia in Q3 of this year.