Jumia Technologies (NYSE:JMIA) stock has been garnering more attention of late as more investors start to take notice of the company.
![Jumia (JMIA) banner at the New York Stock Exchange Jumia (JMIA) banner at the New York Stock Exchange](https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif)
Here’s everything potential investors in JMIA stock need to know before diving in.
- Jumia Technologies offers an e-commerce and delivery experience that is 100% African.
- This has earned it the nickname “Amazon of Africa” from some people.
- It boasts over 1 billion visits to its marketplace in 2019 and has more than 110,000 active sellers.
- This has resulted in it serving at least 1.2 billion customers.
- Its marketplace offers products to customers living in several parts of the continent.
- That includes Nigeria, Egypt, Morocco, Kenya, Ivory Coast, South Africa, Tunisia, Algeria, Ghana, Senegal, and Uganda.
- Jumia Technologies is led by co-founders and co-CEOs Jeremy Hodara and Sacha Poignonnec.
- It was founded in 2012 and joined the public market in April 2019.
- Its headquarters is located in Lagos, Nigeria.
- The company’s market capitalization is sitting at $5.6 billion.
Here’s some additional news concerning Jumia Technologies that possible JMIA stock investors might want to know about.
- Buy Jumia Technologies as Big Players Start Jumping In
- 10 E-Commerce Stocks That Are Leading the Charge Into Digital
- The Claims About Jumia Being Overvalued Miss the Point
- Is Jumia Technologies the One to Catalyze African E-Commerce?
- 9 Stocks That Investors Think Are the Next Amazon
- The Jury’s Still Out Whether Jumia Stock is The Next Amazon
JMIA stock was up 3.1% as of Tuesday morning and is up 81.6% since the start of the year.
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.