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Jumia has raised $593M in funding from investors like Summit Partners, Goldman Sachs and JPMorgan Chase. Jumia is a public company based mostly in Algeria, founded in 2012 by Sacha Poignonnec and Jeremy Hodara. In the same month, JumiaPay Egypt and Contact expanded their partnership to provide numerous cost strategies, facilitating the web purchasing process for customers. In December 2021, Jumia launched a fee service provider (PSP), JumiaPay in Egypt upon regulatory approval.
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