Why Jumia Technologies Stock Blasted Almost 16% Higher Last Month
Jumia Technologies (NYSE: JMIA) reported Q2 revenue of $52M, up 14% YoY, with GMV rising 20% to $207M. Active customers increased 21% to 2.6M. The company secured $50M in fresh capital, led by a $25M investment from the World Bank's IFC. Despite higher expenses, the stock rose nearly 16% in August.


