Jumia Raises $50 Million in Fresh Equity Led by IFC as It Races Toward Profit
Jumia, the pan-African online marketplace listed in New York, has raised $50 million in new equity, a cash injection that arrives as its balance sheet thins and its deadline for breaking even draws closer. The company announced the deal on August 12. Investors agreed to buy about 9.1 million American depositary shares at $5.52 each, … Read more