Jumia(US:JMIA)2021-01-15 21:56Jumia's Market and Mission - Africa presents a massive market opportunity with 13 billion population and $40 trillion in household and B2B spending[4] - Jumia's mission is to leverage technology to improve everyday life in Africa by enabling SMEs, providing innovative services, and creating sustainable impact[5] Jumia's Platform and Ecosystem - Jumia is the leading pan-African e-commerce platform with 67 million Annual Active Consumers and over 110K Active Sellers[7] - Jumia's integrated ecosystem drives consumer engagement through a broad product and service offering[8] - JumiaPay completed 34% of orders in Q3 2020[7] Financial Performance and Strategy - In Q3 2020, Jumia reached breakeven before G&A costs[38] - Jumia is rebalancing its business mix with a stronger focus on everyday categories, leading to a 514bps year-over-year increase in Gross Profit margin as a percentage of GMV[37] - JumiaPay TPV grew by 74% with on-platform penetration reaching 23% of GMV[56] - Sales & Advertising expense decreased by 45% in 9M 2020[49] - Jumia has a cash balance of €147 million at the end of Q3 2020[76]