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Jumia has raised $593M in funding from buyers like Summit Partners, Goldman Sachs and JPMorgan Chase. Jumia is a public firm based 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 payment methods, facilitating the online purchasing process for patrons. In December 2021, Jumia launched a cost service supplier (PSP), JumiaPay in Egypt upon regulatory approval.
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