Mastercard to invest $56 million in Jumia ahead of New York IPO

Posted by - April 2, 2019

Mastercard will invest $56 million in Jumia, a pan-African e-commerce platform, ahead of the New York IPO on the New York Stock Exchange (NYSE) of the United States. Jumia said Mastercard Europe SA has agreed to purchase €50.0 million ($56 million) of ordinary shares in a concurrent private placement at a price per share equal