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How Jumia Technologies Makes Money

TheMotleyFool

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When Jumia Technologies (NYSE: JMIA) reported third-quarter earnings in November, management highlighted certain metrics right at the top of its press release. Among the highlights was a statistic on JumiaPay, the company's financial technology (fintech) solution. In Q3, total payment volume (TPV) on JumiaPay was up 50% year over year. That's big.

However, if that metric excites you, there's something you should know: Jumia doesn't make any money from JumiaPay. Its revenue comes entirely from other sources.

Image source: Jumia Technologies.

Source Fool.com

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