Jumia to become the first African tech company to list on the New York Stock Exchange
Zando's group holding company, Jumia has become the first African technology company to list on the New York Stock Exchange. As this is a significant milestone, we want to take this opportunity to explain what this achievement means for Zando, Jumia as well as our vendors and our loyal consumers.
“The IPO of our group holding Jumia is an important milestone for us at Zando and e-commerce in (South) Africa. While we have seen tremendous growth over the past 7 years already, we want to use the IPO to create momentum to promote the benefits of e-commerce for our consumers and vendors. Shopping online at Zando means convenient and risk-free shopping, best prices guaranteed, more than 800 brands and shopping 24/7 wherever you are. More than 88% of our consumers would recommend Zando to their family and friends, and yet, we have only seen 0.5m South Africans shopping on our website. The potential here is huge and the best is yet to come!” said Zando’s CEO Sascha Breuss.
Jumia listed on the New York Stock Exchange
Jumia Technologies AG (“Jumia”) (NYSE: JMIA), the leading pan-African e-commerce platform, has officially announced its listing on the New York Stock Exchange. This listing is the result of our team's success, and all the Jumia employees across Africa rang the “bell” at the same time in each country and in New York.
Founded in 2012, Jumia started a mission to improve the quality of everyday life in Africa, by leveraging technology to deliver innovative, convenient and affordable online services to consumers. Jumia further empowers businesses to grow, by using its platform to reach and serve consumers across the continent. Jumia is currently active in 14 African countries with more than 81,000 active sellers transacting online with millions of consumers. The e-commerce platform directly employs more than 5,000 team members in Africa.
“This achievement has been made possible thanks to the hard work of our teams, the trust of our consumers and the commitment of our sellers and partners. All stakeholders deserve credit for this milestone, and we are just at the beginning of a long and great journey. We are going to continue to focus on our mission and to work even harder to help consumers, sellers, partners and all stakeholders benefit from this technological revolution.” said Sacha Poignonnec and Jeremy Hodara, co-founders and co-chief executives.
Jumia is the leading pan-African e-commerce platform active in 6 regions in Africa, which consist of 14 countries. Our platform consists of our marketplace, which connects sellers with consumers, our logistics service, which enables the shipment and delivery of packages from sellers to consumers, and our payment service, which facilitates transactions among participants active on our platform in selected markets.
Our mission is to improve the quality of everyday life in Africa by leveraging technology to deliver innovative, convenient and affordable online services to consumers while helping businesses grow as they use our platform to reach and serve consumers.
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For more information:
Jumia Group Head of PR and Communications
+1 929 369 5679
+254 743 162 332