Jumia partners with Diar Dzair to launch buy now pay later in Algeria
Jumia launched its Buy Now, Pay Later service in Algeria, partnering with local fintech Diar Dzair. The BNPL service allows Algerian consumers to split payments into interest-free installments at checkout.
Jumia stock rallies 20% on future profit hopes
Jumia's shares increased by 20% in early trading, climbing to $2.82. The company reported a wider operating loss of $18.7 million in Q1 2024, nearly doubling from $8.3 million in the previous year.
BREAKING: Jumia narrows losses to $16.5 million in Q1 ’25 as currency problems pressure revenues
Jumia reported a pre-tax loss of $16.5 million for Q1 2025. Revenue contracted to $36.3 million, a 26% year-over-year decline.
Jumia remains in the red in Q4 2024, despite years of cost cutting
Jumia reported a revenue of $45.7 million for Q4 2024, down 23% year-over-year. Operational losses grew to $17.3 million, compared to $4.5 million in the same period last year.
