Jumia's 2020 earnings, Future Africa Fund backs Termii, Sub-Saharan Africa loses $237m – Techpoint Africa
Adjusted EBITDA loss decreased by 47.1% A decrease in average loss per order Transactions on JumiaPay, increased by 26.1% and 58% more costumers used the payment service for purchases on the platform. The not so good: Jumia’s financial report looks encouraging, until you compare it with its financial report for 2019. Annual Active Consumers (People who placed orders regardless of cancellation or returns) increased by 12%. In 2019, annual active consumers grew by 54%. Orders on Jumia dropped by 3% compared to a 54% growth in 2019. Revenue declined 12% compared to a 70% increase in gross prof...
Source: techpoint.africa