JUMO, a technology company building next-generation financial services for emerging market entrepreneurs, announced the successful raise of $120 million from new and existing investors. The round is led by Fidelity Management & Research Company and represents their first investment in emerging markets fintech.

Andrew Watkins-Ball, JUMO founder and CEO said, “It’s exciting to be part of the wave of US capital being invested in payments and fintech on the continent – there are ...