Trending
- How Aliko Dangote’s $1 billion deal seeks to unlock Zimbabwe’s economic potential
- Tanzania’s Amsons Group grows footprint in East Africa’s cement industry
- Rwanda and Tanzania to pilot EAC’s low-cost, cross-border money transfer system
- Broken Promises by Wealthy Nations: Africa Needs to Finance its Energy Addition then Transition
- Africa’s bluetech financing: How investor education and tailored investments could unlock capital
- How Agtech, AI, and Fintech can transform Africa’s food systems
- Safaricom posts 52.1% jump in half-year net earnings to $331M, Ethiopia loss narrows
- African mergers and acquisitions set to rise in 2026 as licensing rounds open new opportunities
Browsing: JUMO
- Fintechs aim to enhance financial inclusion by offering fair, transparent, and responsible access to short-term credit by combining Mukuru’s trusted customer relationships and network with JUMO’s AI-driven credit infrastructure.
- Mukuru customers can apply via WhatsApp, with instant disbursements to their Mukuru Card.
- New product Fast Loan will generate valuable insights into customer borrowing behaviour, repayment patterns, and financial goals.
Tech platform Mukuru has partnered with AI-powered banking technology provider JUMO, launching ‘Fast Loan’, a scalable, mobile-first credit solution designed to address a critical gap in South Africa.
According to TransUnion, an estimated 16.8 million people in South Africa remain outside the formal credit system, a trend attributable to irregular earning patterns, and lack traditional credit histories, factors which continue to leave them excluded from mainstream financial services.
With the launch of Fast Loan, the two African fintech leaders aim to close this gap by offering fair, transparent, and responsible access …