M&A Deal Summary

LeapFrog Investments Acquires JUMO

On January 1, 2018, growth capital firm LeapFrog Investments acquired financial services company JUMO

Acquisition Highlights
  • This is LeapFrog Investments’ 10th transaction in the Financial Services sector.
  • This is LeapFrog Investments’ 2nd transaction in South Africa.

M&A Deal Summary

Date 2018-01-01
Target JUMO
Sector Financial Services
Buyer(s) LeapFrog Investments
Deal Type Buyout (LBO, MBO, MBI)

Target

JUMO

Cape Town, South Africa
JUMO is a disruptive fintech business that is rapidly reshaping how ethical financial products reach consumers and SMEs in emerging markets. Its mission is to build and operate inclusive digital banking marketplaces to advance financial inclusion for the 80 per cent of the world’s population who are excluded or underserved by traditional financial services. JUMO was founded in 2015 and is based in Cape Town, South Africa.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

DESCRIPTION

LeapFrog Investments is a private equity firm focused on opportunities across Asia and Africa. The Firm looks to invest $10 to $50 million per transaction to fund high-growth, financial services and healthcare businesses operating in fast growing markets. LeapFrog is an active investor and looks to support portfolio companies with operations, sales, human resources, and other core business functions. LeapFrog Investments was formed in 2007 and is headquartered in Ebene, Mauritius.


DEAL STATS #
Overall 23 of 35
Sector: Financial Services M&A 10 of 13
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 3
Country: South Africa M&A 2 of 3
Year: 2018 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-20 BIMA

Stockholm, Sweden

BIMA uses mobile technology to deliver affordable insurance and health products to underserved consumers in emerging markets and families who cannot access these vital products through traditional channels. BIMA’s technology platforms create a paperless experience and enable scale, while the agent force distributes products and provides customer education. BIMA was founded in 2010 and is based in Stockholm, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-24 NeoGrowth

Mumbai, India

NeoGrowth is a digital financial lender pioneering a new way of lending to small and medium business owners in India. Its revolutionary approach is based on analysing and underwriting digital payments data generated from daily sales, making it possible for merchants who are unable to secure loans from traditional banks to access a loan. NeoGrowth was founded in 2013 and is based in Mumbai, Maharashtra.

Buy -