About Jufopay
Jufopay is a company based in Lagos (Nigeria) founded in 2021. It operates as a B2C, and D2C. Jufopay offers products and services including Jufopay App, POS Terminals, and USSD Service. Jufopay operates in a competitive market with competitors including Fundall, Aladdin, Sterling Alternative Finance, Raven Bank and Pyramid MFB, among others.
- Headquarter Lagos, Nigeria
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Sectors
Financial Services
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Email
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Website
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Social
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- Legal Name Novel Mfb
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Products & Services of Jufopay
Jufopay offers a comprehensive portfolio of products and services, including Jufopay App, POS Terminals, and USSD Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables money transfers, bill payments, and online purchases.
Facilitates deposits, withdrawals, and agent services.
Allows transactions without a smartphone for basic services.
Funding Insights of Jufopay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Jufopay
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Jufopay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Jufopay Comparisons
Competitors of Jufopay
Jufopay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fundall, Aladdin, Sterling Alternative Finance, Raven Bank and Pyramid MFB, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Digital banking services are offered to individuals and businesses.
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| domain | founded_year | HQ Location |
Internet-first bank through banking partnership
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| domain | founded_year | HQ Location |
Operates as a digital bank for consumers and businesses.
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| domain | founded_year | HQ Location |
Operates as an internet-first bank offering retail and business banking through partnerships.
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| domain | founded_year | HQ Location |
Delivers a digital banking platform for individuals and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Jufopay
When was Jufopay founded?
Jufopay was founded in 2021.
Where is Jufopay located?
Jufopay is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
What does Jufopay do?
Jufopay is a microfinance bank licensed by the Central Bank of Nigeria, focusing on digital banking tools for mobile wallets, payments, and financial services. It enables easy money transfers, bill payments, and agent networks to support individuals and small businesses. Based in Lagos, it aims to improve access to finance, reduce poverty, and enhance living standards through convenient, secure platforms.
Who are the top competitors of Jufopay?
Jufopay's top competitors include Fundall, Aladdin and Sterling Alternative Finance.
What products or services does Jufopay offer?
Jufopay offers Jufopay App, POS Terminals, and USSD Service.