12 Best German Stocks to Buy According to Hedge Funds

5. Jumia Technologies (NYSE:JMIA)

Number of Hedge Fund Holders: 14

Jumia Technologies (NYSE:JMIA) operates an e-commerce platform across Africa and the Middle East, which connects sellers with consumers through its marketplace, logistics, and payment services. Its platform offers products and digital services such as electronics, fashion, and financial solutions.

The company’s Physical Goods Orders segment demonstrated growth in Q4 2024, with orders increasing by 18% year-over-year. This growth was achieved despite a reduction in marketing spend. Key drivers included successful Black Friday sales events, particularly in electronics and phones, and the expansion of international sourcing, with 31% of gross items sourced from international sellers, primarily China, which represented a 61% year-over-year increase.

For 2025, Jumia Technologies (NYSE:JMIA) projects Physical Goods Orders to grow between 15% and 20% year-over-year, driven by upcountry expansion, product assortment expansion through international sourcing, and improvements in customer and seller experience. Upcountry orders accounted for 56% of Q4 orders, which was up from 49% in Q4 of 2023. The company plans to expand its J-Force agent network, particularly in these regions. J-Force is the company’s network of independent sales consultants who promote and sell its products and services within their local communities.