Discussion about this post

User's avatar
Greg's avatar

Chief, big fan and promoter here.

I'd bet Jumia's next play is an online payments one across all 11 countries they are in.

Where make I put address for the merch? 😜

Expand full comment
Ifeoluwa's avatar

Hello there. A new reader of your newsletters from Twitter. Just clocking this can also be a social space for interaction on insightful topics like this, and it's nice, it's on a lighter note.

Ok, now to my comment proper. Take it from a guy who works in an Equipment finance startup. Typical Nigerians would go to any lengths to default/evade repayments.

Also considering the FX impact on the prices of phones and devices (and inflation). The markup to cater for that would be a high interest rate for the end user.

Lastly deploying asset recovery officers to customers locations would be too tedious to manage, seeing that Jumia have also outsource logistics, but if they outsource the recovery operations entirely, they could keep a lean model (hmm)

In a nutshell, with a good model to mitigate these aforementioned risks, in a sane country, it should be a success, but Nigerians still part of Nigeria's problem. So....

Expand full comment
14 more comments...

No posts