Mukuru, a leading next-generation financial services platform, has partnered with AI-powered banking technology provider JUMO to launch ' Fast Loan', a scalable, mobile-first credit solution designed to address a critical gap in South Africa's financial ecosystem.
According to TransUnion, 16.8 million people in South Africa remain outside the formal credit system. Many earn irregular incomes, lack traditional credit histories, and are excluded from mainstream financial services.
With the launch of Fast Loan, the two African fintech leaders aim to close this gap by offering fair, transparent, and responsible access to short-term credit by combining Mukuru's trusted customer relationships and network with JUMO's AI-driven credit infrastructure.
