PickMe launches ‘JumJum’ service in Nepal’s capital

From left: F1Soft Group Chairman and President Biswas Dhakal, PickMe CEO Jiffry Zulfer and Filps Software Design LLC (an F1Soft Group company) CEO Yohann De Zoysa 

• IFC endorses move to support Nepal’s start-up ecosystem

PickMe has crossed digital borders and will take the ride-hailing market by storm with the launch of its latest technology partnership, JumJum (Let’s Go) in Nepal, a country where 78 percent of 3.22 million vehicles registered are motorcycles. 
Named as the Motorcycle city, the Kathmandu valley claims to have over a million motorcycles on their busy roads.

PickMe CEO Zulfer Jiffry says it made perfect sense to launch their services for Nepal’s motorcycle segment. JumJum will initially launch in the Kathmandu valley, which is said to be home to 40 percent of the 2.5 million registered motorbikes in Nepal.
The app, which is called JumJum, to give a more local feel for the Nepali users, is a tech collaboration between PickMe and the largest fintech service provider F1Soft in Nepal.
“This strategic partnership is the culmination of a long search in South Asia to take our services to another country in the region. We have done it in a manner that adds value to the Nepali economy, by engaging with an acclaimed Nepalese tech company,” said the CEO.

In 2018, the International Finance Corporation (IFC) made a US $ 2.5 million equity investment in PickMe – the first start-up IFC-backed in Sri Lanka – to help the company expand across the island and increase access to affordable, safe, and efficient transportation. 
“At IFC, we are delighted to see PickMe going across borders and venturing into newer markets, supporting the growth of Nepal’s star-tup ecosystem,” said IFC in Sri Lanka and the Maldives Country Manager Alejandro Alvarez de la Campa.

Speaking on behalf of JumJum, F1Soft Group President and Chairperson Biswas Dhakal said, “In heralding the arrival of JumJum in Nepal, we witness the convergence of two technological powerhouses: PickMe from Sri Lanka and F1Soft from Nepal.”
PickMe Chairman Ajit Gunewardene remarked, “I am unwaveringly confident that our adept team possesses the requisite knowledge and expertise to ensure the success of PickMe’s expansion into Nepal.”