Pan-African e-commerce startup Jumia released its third-quarter financial results today.
The numbers and presentation reflected some of the same past trends, with a dash of new, and nary a mention of a declining share-price.
Jumia — with online goods and service verticals in 14 countries — posted third-quarter revenue growth of 19% (€40 million) and increased its active customer base 56% to 5.5 million from 3.5 million over the same period a year ago.
Jumia’s Gross Merchandise Value (GMV) — the total amount of goods sold over the period — grew by 39% to €275 million. The online retailer nearly doubled its orders from 3.6 million in Q3 2018 to 7 million in Q3 2019.
Jumia also saw growth in its JumiaPay