Orange Money Group announced on Monday a strategic partnership with fintech provider JUMO to broaden mobile credit access for unbanked populations across Africa.
This collaboration will let Orange Money users apply for loans directly from their mobile wallets without needing a bank account or collateral. Such a move leverages data analytics and AI to reduce loan risks while creating microfinance solutions tailored to the continent’s underserved.
JUMO’s AI technology unlocks credit for millions
JUMO brings over a decade of experience in AI-driven credit risk management, evaluating users’ creditworthiness from real-time mobile money transaction data.
This enables immediate loan approvals with default risk costs under four percent.
JUMO CEO Andrew Watkins-Ball said, “We are proud to partner with Orange to bring market-leading financial products to millions of mobile users.”
This data-driven method allows micro-entrepreneurs and rural SMEs to access short-term and instalment credit sustainably.
Orange Money’s reach multiplies microcredit potential
Orange Money serves more than 100 million customers in 16 African and Middle Eastern countries, processing over EUR 160 billion in transactions in 2024 alone.
Aminata Kane, CEO of Orange Money Group, explained, “Partnering with JUMO allows us to accelerate our microcredit expansion and deliver faster, more transparent financial services tailored to customer needs.”
The initial rollout will target Francophone Africa—countries like Burkina Faso and Mali—with plans to expand further.
This alliance creates a new microfinance market backed by pan-African banks and development institutions. Users won’t need to visit physical banks or provide collateral, marking a step change in financial inclusion.
Instant loan disbursements and automated repayments embed smooth digital credit access into everyday mobile money usage, empowering millions previously excluded from formal credit systems.