Mobile financial service Orange Money collaborates with JUMO to extend mobile credit options to unbanked Africans.
Orange Money and JUMO Partner to Expand Microcredit Services Across Africa
Orange Money Group and fintech company JUMO have joined forces to roll out microcredit services across Africa. The partnership aims to serve the continent's unbanked population through mobile-based lending.
The first launch of the partnership is expected in Burkina Faso, followed by Mali and Botswana. JUMO's CEO and founder, Andrew Watkins-Ball, mentioned that the collaboration will connect Orange customers with products from market-leading banks on JUMO's platform.
The offering includes short-term and installment loans for both consumers and merchants. Repayment happens automatically under agreed terms. Aminata Kane, CEO of Orange Money Group, stated that the partnership with JUMO aims to accelerate the rollout of microcredit services and deliver faster, more transparent, and customer-tailored support.
JUMO has disbursed over $8 billion in loans to over 31 million African users. The company's AI models are claimed to reduce lending risk to under 4%, unlocking sustainable credit at scale for customers without bank accounts, collateral, or formal credit history.
In 2024, Orange Money processed over €160 billion in transactions. Customers can apply for credit directly via their Orange Money wallet, either through the mobile app or USSD. JUMO's platform will enable Orange Money to scale across multiple countries, funders, and product types, creating a new digital microfinance marketplace in Francophone Africa.
Orange Money has over 100 million customers across 16 countries in Africa and the Middle East. This partnership is part of a broader fintech ecosystem where companies using mobile technology, AI, and partnerships with telecommunication operators are expanding financial inclusion.
Other fintech companies active in comparable mobile lending expansions include M-Pesa (Safaricom), a pioneer in mobile money and credit services in Africa. Various emerging fintech startups and banking-as-a-service platforms are also focusing on AI-powered, mobile-accessible microloans integrated with telco services and digital wallets.
These players collectively drive innovative, AI-powered lending and mobile financial ecosystems to reach millions of Africans without traditional bank access. They are paving the way for a more inclusive and digital financial future in Africa.
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The collaboration between Orange Money and JUMO straddles the realms of finance, technology, and business, as they jointly aim to extend microcredit services to underbanked Africa through mobile-based lending. JUMO's platform, with its AI models that minimize lending risk, will enable Orange Money to offer short-term and installment loans to both consumers and merchants, creating a digital microfinance marketplace in Francophone Africa.
