Orange Money Group and fintech provider JUMO have partnered to expand financial inclusion in Africa by introducing microcredit services targeting unbanked populations. The collaboration aims to strengthen Orange Money Group’s digital financial offerings by leveraging JUMO’s expertise in data analytics and artificial intelligence to enable secure, mobile-based credit solutions.
With a combined reach of over 100 million customers across 16 countries in Africa and the Middle East, Orange Money Group processed more than EUR 160 billion in transactions in 2024. JUMO, which has disbursed over $8 billion to more than 31 million African users, brings its decade-long experience in AI-driven credit risk management to the partnership, helping reduce lending risk to below 4%.
The partnership will support the rollout of diverse credit products across several markets, starting in Francophone Africa, including imminent launches in Burkina Faso, followed by Mali and Botswana. These microcredit services will be accessible directly through Orange Money wallets, without requiring bank accounts or collateral, enabling underserved individuals to apply for and receive loans securely through mobile devices.
JUMO’s short-term and installment loan products, designed for consumers, merchants, and distributors with limited financial access, will be integrated into the platform. The AI algorithms assess creditworthiness based on transactional behavior, ensuring quick and responsible lending supported by funding from pan-African banks and development finance institutions.
The user experience is designed to be simple and accessible. Customers request credit through their Orange Money wallet, undergo a real-time AI-based eligibility check, and, if approved, receive the loan instantly. Repayments are automated based on agreed terms, providing a seamless and transparent process.
Overall, this strategic alliance introduces an innovative, scalable microfinance marketplace that supports financial inclusion and economic empowerment across Africa.
