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2015-12-18

Vostok Emerging Finance announces follow-on investment into Jumo, a mobile money marketplace in Africa

Vostok Emerging Finance Ltd
Company Announcement

Vostok Emerging Finance announces follow-on investment into Jumo, a mobile
money marketplace in Africa

Stockholm, 2015-12-18 13:00 CET (GLOBE NEWSWIRE) --

Vostok Emerging Finance (“VEF”) today announces it has invested an additional
USD 6 mln into African mobile money market place Jumo, in the context of a
larger equity-funding round. The USD 6 mln investment follows the initial
investment of USD 4 mln into the company in October 2015.

JUMO is a mobile money marketplace for African people, small businesses and
mobile network operators. Jumo works with large mobile operators, including
Airtel and MTN, and has disbursed 5 million loans to more 2 million unique
customers to date. The company is headquartered in Mauritius and currently
operates in three markets, Kenya, Tanzania and Zambia with several additional
markets in pipeline. For more information on Jumo, please visit www.jumo.world.

Vostok Emerging Finance’s Managing Director Dave Nangle comments:

“We are very excited to announce this additional investment into Jumo following
our recently completed and successful rights issue. Jumo continues to perform
and is now a significant holding in the VEF portfolio representing USD 10 mln
of invested capital.”

Dave Nangle, Managing Director

For further information please contact:
Björn von Sivers, Investor Relations, Tel +46 (0)8 545 015 50

Vostok Emerging Finance is an investment company with the goal of investing in
early stage modern financial services companies across emerging and frontier
markets. VEF trades in Sweden on Nasdaq First North under the ticker VEMF SDB.

Vostok Emerging Finance’s Certified Adviser on Nasdaq First North is Pareto
Securities AB.

Författare SSE

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