NEW YORK CITY, NY / ACCESS Newswire / October 21, 2025 / Pomerantz LLP is investigating claims on behalf of investors of Jumia Technologies AG ("Jumia" or the "Company") (NYSE:JMIA). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Jumia and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

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On October 17, 2025, Aletheia Capital downgraded Jumia to Sell from Buy, citing concerns about Jumia's net working capital position. The Aletheia analyst considered Jumia's improvements in the metric to be temporary and unsustainable, and also noted that Jumia's stock is priced higher than peer e-commerce stocks in terms of enterprise value-to-sales ratio.

On this news, Jumia's American Depositary Receipt ("ADR") price fell $1.13 per ADR, or 9.51%, to close at $10.75 per ADR on October 17, 2025.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

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SOURCE: Pomerantz LLP

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