Jumia Raises $50 Million Led by IFC as Revenue Climbs 14%
Nigeria · TECHNOLOGY Key Facts —Capital raise: Jumia raised $50.0 million in gross proceeds through a new equity round priced on 11 August 2026. —Lead investor: The International Finance Corporation, the private-sector arm of the World Bank Group, anchored the round with a $25 million commitment. —Pricing details: Jumia will issue 9.1 million American Depositary […] The post Jumia Raises $50…
Jumia Technologies AG raised $50 million in equity financing, led by a $25 million investment from the International Finance Corporation (IFC), as part of the Africa-focused e-commerce platform's second-quarter 2026 performance. The equity round, priced on August 11, 2026, at $5.52 per American Depositary Share, will issue 9.1 million ADSs and is expected to close in the second half of August 2026.
Jumia's Q2 2026 revenue reached $52.0 million, a 14% increase from the previous year and 15% in constant currency terms. The company's gross merchandise value (GMV) hit $216.3 million, a 23% rise from the same period a year earlier. Nigeria exhibited strong momentum, with physical goods GMV growing 36% from the prior year, driven by home-and-living categories and upcountry expansion.
The IFC's involvement underscores a development-finance dimension beyond a typical commercial capital raise, positioning Jumia within the broader African digital economy narrative.
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