How Jumia Technologies Makes Money
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