Former ICT Cabinet Secretary Joe Mucheru has been appointed the president of Jumo, a London-based fintech (financial technology) company.
Confirming the news in a LinkedIn profile update, Mucheru said he will support the company to deliver its growth goals, navigate the regulatory landscape, and build the firm’s presence across the African continent under his new role.
Jumo partners with banks, MNOs and other e-commerce players to deliver progressive financial choices to customers, according to the company’s Crunchbase profile.
With operations in emerging markets across Africa and Asia, the company targets mostly micro and small to medium enterprises that need instant access to finance so they can grow and invest.
The company boasts of a reach of 10 million customers since its founding in 2015.
Mucheru served as CS for ICT, Innovation and Youth Affairs in former president Uhuru Kenyatta’s government from 2015 to 2022.
He was previously the head of Sub-Saharan Africa for Google, based in Nairobi.
Prior to Google, he was CEO of Wananchi Online, the parent company of internet service provider Zuku, a company he co-founded in 1999.
Mucheru is an alumnus of City, University of London, where he graduated in 1993 with a bachelor’s degree in Economics and Computer Science.