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JMIA

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Jumia Technologies AG
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Overview

Description

Jumia Technologies AG is a leading e-commerce platform operating predominantly in Africa. The company provides a digital marketplace where consumers can buy a wide range of goods and services, including electronics, fashion items, and groceries. Founded in 2012, Jumia has expanded its footprint across multiple African countries, serving as a pivotal player in the continent's digital economy. Its platform not only connects buyers and sellers but also integrates logistics services to ensure efficient delivery, which is critical in the diverse terrains of Africa. In addition to its e-commerce operations, Jumia offers payment solutions through JumiaPay, facilitating secure and convenient transactions. This expansion into financial services underscores Jumia's role in enhancing digital financial inclusion across Africa. Hosting thousands of sellers and millions of product listings, Jumia Technologies AG significantly impacts sectors such as retail, technology, and logistics. It provides small businesses and entrepreneurs with access to larger markets, fostering economic growth and development. Jumia's presence in the financial markets reflects its strategic importance as a digital pioneer in Africa. By providing critical infrastructure and services, Jumia continues to play a crucial role in the region's ongoing digital transformation.

About

CEO
Mr. Francis Dufay
Employees
2016
Address
Skalitzer Strasse 104
Berlin, 10997
Phone
49 30 398 20 34 54
Website
Instrument type
American depositary receipt
Sector
Consumer Cyclical
Industry
Internet Retail
Country
Austria
MIC code
XWBO
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Latest press releases

Oct 23, 2025
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Jumia Technologies AG - JMIA

NEW YORK, Oct. 23, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Jumia Technologies AG ("Jumia" or the "Company") (NYSE: JMIA). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Jumia and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On October 17, 2025, Aletheia Capital downgraded Jumia to Sell from Buy, citing concerns about Jumia's net working capital position.  The Aletheia analyst considered Jumia's improvements in the metric to be temporary and unsustainable, and also noted that Jumia's stock is priced higher than peer e-commerce stocks in terms of enterprise value-to-sales ratio. 

On this news, Jumia's American Depositary Receipt ("ADR") price fell $1.13 per ADR, or 9.51%, to close at $10.75 per ADR on October 17, 2025.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.  

CONTACT:

Danielle Peyton

Pomerantz LLP

dpeyton@pomlaw.com

646-581-9980 ext. 7980

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/investor-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-jumia-technologies-ag---jmia-302591062.html

SOURCE Pomerantz LLP

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