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Jumia Wins IFC, Axian Backing in $50 Million Equity Fundraising

Bloomberg Technology Wednesday 12 August 2026, 11:05 UTC By Loni Prinsloo 1 min read
Key Points

Jumia Technologies AG secured $50 million in fresh equity funding from its biggest shareholder and the World Bank’s International Finance Corp. as the African e-commerce company pushes toward its first profit.

Jumia Technologies AG secured $50 million in fresh equity funding from its biggest shareholder and the World Bank’s International Finance Corp. as the African e-commerce company pushes toward its first profit.
Jumia Wins IFC (PERSON) Axian Backing (PERSON) the World Bank’s International Finance Corp. (ORG) African (ORG)
Originally published by Bloomberg Technology Read original →

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