JMIA: Fund 1 Investments reports beneficial ownership via 13G filing

Rhea-AI Filing Summary

Fund 1 Investments, LLC filed a Schedule 13G reporting beneficial ownership in Jumia Technologies AG. The filing covers Ordinary Shares underlying American Depositary Shares, with each ADS representing two Ordinary Shares. The filer reports shared voting and dispositive power and indicates the securities are held in the ordinary course of business and not for the purpose of changing or influencing control.

The shares are held for private investment vehicles advised by Pleasant Lake Partners LLC. Fund 1 Investments, LLC is the managing member of Pleasant Lake Partners LLC, and Jonathan Lennon is the managing member of Fund 1 Investments, LLC; each disclaims beneficial ownership except to the extent of pecuniary interest. Percentages referenced in the filing are calculated based on 244,925,650 Ordinary Shares outstanding as cited from the issuer’s prior annual report.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Jumia Technologies AG

(Name of Issuer)

Ordinary Shares underlying American Depositary Shares (each representing two Ordinary Shares)

(Title of Class of Securities)

48138M105

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 48138M105

1

Names of Reporting Persons

Fund 1 Investments, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 19,180,506.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 19,180,506.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

19,180,506.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.83 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: (Limited Liability Company) As of November 12, 2025, the Reporting Person beneficially owned 23,897,464 Ordinary Shares underlying American Depositary Shares (each representing two Ordinary Shares), representing 9.76% of the Ordinary Shares outstanding.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Jumia Technologies AG
(b)	Address of issuer's principal executive offices: Skalitzer Strasse 104, Berlin,, Germany, 10997
Item 2.
(a)	Name of person filing: Fund 1 Investments, LLC
(b)	Address or principal business office or, if none, residence: 100 Carr 115 Unit 1900 Rincon, Puerto Rico 00677
(c)	Citizenship: Delaware
(d)	Title of class of securities: Ordinary Shares underlying American Depositary Shares (each representing two Ordinary Shares)
(e)	CUSIP No.: 48138M105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 19,180,506
(b)	Percent of class: 7.83 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 19,180,506
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 19,180,506 Shares reported herein for Fund 1 Investments, LLC represent Ordinary Shares underlying American Depositary Shares (each representing two Ordinary Shares) that are held for the benefit of private investment vehicles for which Pleasant Lake Partners LLC serves as investment adviser. Fund 1 Investments, LLC serves as managing member of Pleasant Lake Partners LLC. Jonathan Lennon serves as managing member of Fund 1 Investments, LLC. Each of Fund 1 Investments, LLC, Pleasant Lake Partners LLC and Mr. Lennon disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein. All percentages reported herein with respect to the Reporting Person's holdings are calculated based upon a statement in the Issuer's Annual Report on Form 20-F for the quarterly period ended December 31, 2024, as filed with the Securities and Exchange Commission on March 7, 2025, that there were 244,925,650 Ordinary Shares of the Issuer outstanding.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. See Item 4.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Item 4.
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. Not Applicable
Item 9.	Notice of Dissolution of Group.
	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Fund 1 Investments, LLC

Signature:	/s/ Benjamin C. Cable
Name/Title:	Benjamin C. Cable/Chief Operating Officer
Date:	11/12/2025

FAQ

What did Fund 1 Investments, LLC file regarding JMIA?

A Schedule 13G reporting beneficial ownership of Jumia Technologies AG Ordinary Shares underlying ADS.

What class of JMIA securities is referenced?

Ordinary Shares underlying American Depositary Shares, with each ADS representing two Ordinary Shares.

Does the filer seek to influence control at JMIA?

The certification states the securities were acquired and held in the ordinary course of business and not for changing or influencing control.

What voting and dispositive power is reported?

The filer reports shared voting and dispositive power over the reported shares and no sole voting or dispositive power.

What outstanding share count was used for ownership calculations?

Percentages were calculated using 244,925,650 Ordinary Shares outstanding, as referenced from the issuer’s prior annual report.

Who are the related advisory and managing entities named?

Shares are for vehicles advised by Pleasant Lake Partners LLC; Fund 1 Investments, LLC is its managing member, and Jonathan Lennon is managing member of Fund 1 Investments, LLC.