Early in April this year the company acquired a major competitor in OLX, in the process establishing a presence in four other countries — Ghana, Kenya, Tanzania, and Uganda.
According to Ukrainian tech news site, AIN.UA, the deal was reported to be worth between $1.5 million and $3.4 million.
Making claims to be the largest online classifieds site in Africa, the company now has 2 million listings across Africa with 8 million monthly users as of 2018.
Crunchbase is said to have reported that the company raised undisclosed amounts in series A and B, however, TechCrunch reports that the recent series C funding makes it a total of $50 million raised by Jiji since 2014.
According to the co-founder, Vladimir Mnogoletniy, the Pan-African classifieds company plans to create more listings, upgrade the platform, and grow the number of transactions on its site.
In a classifieds market riddled with the challenges of low Internet…