Former ICT
Cabinet Secretary Joe Mucheru has been appointed the president of Jumo, a
London-based fintech (financial technology) company.
Confirming
the news in a LinkedIn profile update, Mucheru said he will support the company
to deliver its growth goals, navigate the regulatory landscape, and build the
firm’s presence across the African continent under his new role.
Jumo
partners with banks, MNOs and other e-commerce players to deliver progressive
financial choices to customers, according to the company’s Crunchbase
profile.
With
operations in emerging markets across Africa and Asia, the company targets
mostly micro and small to medium enterprises that need instant access to
finance so they can grow and invest.
The company
boasts a reach of 10 million customers since its founding in 2015.
Mucheru
served as CS for ICT, Innovation, and Youth Affairs in former president Uhuru
Kenyatta's government from 2015 to 2022.
He was
previously the head of Sub-Saharan Africa for Google, based in Nairobi.
Prior to
Google, he was CEO of Wananchi Online, the parent company of internet service
provider Zuku, a company he co-founded in 1999.
Mucheru is
an alumnus of the City, University of London, where he graduated in 1993 with a
bachelor’s degree in Economics and Computer Science.
