Former ICT Cabinet Secretary Joe Mucheru who served in Uhuru's government between 2015 to 2022 has been appointed the president of Jumo.
Jumo is a London-based fintech (financial technology) company building next-generation financial services for emerging market entrepreneurs.
This, he confirmed through his 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.
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“JUMO is revolutionising the lending space in Africa, connecting entrepreneurs and individuals to the financial products they need to grow and prosper. I am hugely excited to be joining a business that is helping capital providers make attractive returns at the same time as supporting measurable impact,” Mucheru said.
Jumo operates in emerging markets across Africa and Asia where 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 who served as CS for seven years 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.
He is also previously held board positions at the M-Pesa Foundation Academy, a state-of-the-art residential high school in Kenya funded by M-PESA, Vodafone and Safaricom, Bitpesa (now Aza Group), an international money transfer platform, and GiveDirectly, a non-profit allowing donors to provide direct cash transfers to those in need. He is also the former Chairman of the African Telecommunications Union.
In 2010, he has awarded the Moran of the Order of the Burning Spear (MBS), as well as the Elder of the Golden Heart (EGH) in recognition of his contribution to ICT in Kenya.
He is a member of the African Leadership Network, the Kenyan National Prayer Breakfast, and the East African Business Summit.
