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E-commerce specialist Jumia aims to grow lending service

(Business Day – SA): Jumia, the pan-African e-commerce group partially owned by MTN, wants to take its lending platform to new markets in the region to help its merchant partners get access to funding, says co-CEO Sacha Poignonnec.

Many of the 50,000 businesses that sold goods on the Jumia platform were unable to get loans as financial institutions did not have enough data about them, Poignonnec said.

Read the full article on Business Day