Jumia: The Stock That Turned 2020 Into a Money‑Making Magic Show
Flashback to 2020: Among all the tech bazillas, Jumia Technologies strut’d onto the scene with a roar. Their stock wasn’t just a hot Pokémon—it was the Pokémon that got caught wild in every market trader’s wish list.
1000% Growth: A Numbers Game Worth Watching
- Research by Sijoitusrahastot recorded a massive 1,000% jump in Jumia’s share price.
- Picture that as a rollercoaster that goes from “meh” to “WOW!”—in 365 days.
- Investors are basically shouting: “If you’re still sitting on the sidelines, grab the ticket before the next leap!”
What the Buzz Says: A $100 Vision
According to a Benzinga survey, 74% of active investors and traders think Jumia will hit the $100 mark by the end of 2022.
- That’s a 10x leap from today for a good chunk of the market.
- “If the future is a pizza, Jumia’s slice is going to be the extra cheese that everyone wants,” one trader joked.
Looking Ahead: Momentum in 2021 and Beyond
Momentum might just keep the gear shifting: some analysts project that Jumia’s upward climb is not a one‑off sprint but a marathon.
- Early 2021 still promises strong returns.
- IPO buzz, market confidence, and tech innovations keep the engine humming.
Bottom line? If you’ve got a spare ticker, Jumia could be the plot twist your portfolio has been craving.
Jumia’s Revenue Sank by 12% YoY in Q1 to Q3 2020
Jumia in 2020: From “Let’s Get Online” to “Oops, We Got Hit by the Pandemic”
In a world that was supposed to be turning into a fully connected, high‑speed, mobile‑centric place—thanks to Ovum’s prediction of mobile internet penetration jumping from 32% to a massive 73% by 2023—Jumia’s African markets hit a snag. The pandemic hit hard in South Africa and Nigeria, two of the biggest powerhouses behind the platform, with GDP dropping by 7.3% in South Africa and 3% in Nigeria in 2020. These two markets alone account for more than 40% of Jumia’s economic output!
Quarter‑by‑Quarter: The Numbers That Make Your Head Spin
- Q1 2020 GMV down 11% and revenue shrank 7%.
- Q2 2020 GMV fell 13% and revenue slid a further 10%.
- Q3 2020 saw a massive 28% drop in GMV with revenue plummeting 18%.
All together, the first nine months of 2020 sent Jumia’s revenue into a 12% decline, largely due to a 47.2% slump in first‑party sales. If you’re craving some berries and ice‑cream figs yet, the silver lining appears: active annual customers rose 23% to 6.7 million. Orders climbed 9% to 19.8 million and transactions shot up by a whopping 34%, driving total payment volume higher by 74% to €137 million.
Why It Still Makes Sense to Push Digital Wallets
Here’s the kicker: internet penetration in the countries Jumia serves is below 3%, which means you’re still on the edge of a massive untapped market. Africa’s overall usage sits at only 39.3% compared with the global average of 59%—so there’s still plenty of room to grow.
Enter Jumia Pay, the platform’s slick digital wallet. In a continent where two‑thirds of adults are unbanked, a handy online payment solution could be the ticket to owning the next wave of online commerce. Think of it as turning your phone into a bank if your real bank was still a card‑bank—totally the VIP experience we’re looking for.
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