Uber, JUMO partner to roll out vehicle finance platform

Thursday, December 6, 2018

By Chris Tredger

Uber has partnered with financial tech firm JUMO to integrate JUMO Drive, a digital vehicle finance product the companies claim is designed to ease barriers to car ownership for existing Uber driver-partners.

JUMO Drive is a loan facility that includes the car, tracker, insurance and maintenance.

According to a statement released by JUMO, the product has been successfully piloted in Kenya, with the intention to expand the offering across Sub-Saharan Africa in 2019.

The company declined to disclose details of the rollout roadmap, but confirmed its aim to target “a number of key African markets” by the end of 2019.

Photo courtesy of eva_lutter.

Source: ITWeb Africa (link opens in a new window)

digital finance, fintech, transportation