Orange Money Group, a leading digital financial services provider with over 100 million customers across 16 countries in Africa and the Middle East, has partnered with banking-as-a-service fintech JUMO to enhance financial inclusion by introducing microcredit solutions tailored to unbanked populations.
In 2024, Orange Money Group facilitated more than EUR 160 billion in transactions, while JUMO has disbursed over $8 billion to more than 31 million African customers. The partnership combines Orange Money’s expansive reach with JUMO’s decade-long expertise in AI-driven credit risk management and data analytics, which optimizes credit allocation and lowers lending risk to below 4%.
This alliance will launch a new microfinance marketplace offering diverse credit products from multiple funders across several markets, initially focusing on Francophone Africa. Orange Money customers will be able to securely apply for credit via mobile wallets without requiring bank accounts or collateral.
JUMO’s AI algorithms assess creditworthiness using transactional data to deliver real-time app-based and USSD lending. Planned launches include Burkina Faso, followed by Mali and Botswana, providing short-term and installment loans for consumers, merchants, and distributors with limited access to traditional financial services.
The streamlined user journey enables customers to request loans through their Orange Money wallets, receive instant eligibility evaluation, and get funds credited immediately, with automatic repayments as per agreed terms.
Aminata Kane, CEO of Orange Money Group, said, “Partnering with JUMO accelerates our expansion of accessible small loan offers, helping customers manage personal projects and emergencies with faster, transparent, and tailored financial support.”
Andrew Watkins-Ball, JUMO CEO and founder, added, “We’re proud to partner with Orange to connect customers with market-leading banks via our platform, delivering greater financial choices and enabling bank partners to grow in new markets.”
