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Share-based compensation (Tables) | 12 Months Ended
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Dec. 31, 2020
SOP 2019 |
Disclosure of terms and conditions of share-based payment arrangement [line items] |
Summary of option valuation models | ​
​ | ​ | ​
Grant Date |  | May 15, 2020
Fair value per share (i) |  | EUR 1.86
Exercise price |  | EUR 1.00
Risk-free interest rate (ii) |  | 0%
Expected dividend yield (iii) |  | 0%
Expected life (years) (iv) |  | 4 years
Expected volatility (v) |  | 50%
​ | ​ | ​
Fair value of options | ​ | EUR 1.07
​
(i) | The Fair value per share is derived from the value of an ADS of Jumia Technologies AG traded on the New York Stock Exchange converted into Euro and divided by the conversion ratio of 2 (1 ADS represents 2 shares of Jumia Technologies AG).
(ii) | Risk-free interest rate is based on German government bond yields consistent to the expected life of options. A risk-free rate of 0% is considered as a floor.
(iii) | Expected dividend yield is assumed to be 0% based on the fact that the Group has no history or expectation of paying a dividend.
(iv) | Expected life of share options is based on the minimum waiting period.
(v) | Expected volatility is assumed based on the historical volatility of comparable companies in the period equal to the expected life of each grant.
​
Summary of awards and development during the period | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Weighted |  | Weighted |  | ​
​ | ​ | ​ | ​ | average | ​ | average | ​ | Weighted
​ | ​ | ​ | ​ | remaining | ​ | exercise | ​ | average fair
​ | ​ | Number of | ​ | life | ​ | price | ​ | value
SOP 2019 |  | awards |  | (years) |  | (euro) |  | (euro)
Unvested awards outstanding at December 31, 2019 |  | 1,000,714 | ​ | 2.4 | ​ | 1.0 | ​ | 9.9
Granted during the period |  | 681,496 | ​ | 2.4 | ​ | 1.0 | ​ | 1.1
Exercised during the period |  | — | ​ | — | ​ | — | ​ | —
Forfeited during the period |  | (233,333) | ​ | — | ​ | — | ​ | —
Cancelled during the period |  | — | ​ | — | ​ | — | ​ | —
Vested during the period |  | — | ​ | — | ​ | — | ​ | —
Unvested awards outstanding at December 31, 2020 |  | 1,448,877 |  | 2.4 | ​ | 1.0 | ​ | 5.7
SOP 2020 |
Disclosure of terms and conditions of share-based payment arrangement [line items] |
Summary of option valuation models | ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | May 15, 2020 |  | December 8, 2020 |
Fair value per ADS(1) |  | USD 6.48 | ​ | USD 35.50 | ​
Exercise price per ADS |  | USD 3.67 | ​ | USD 16.48 | ​
Risk-free interest rate(2) |  | 0.26 | % | 0.26 | %
Expected dividend yield(3) |  | 0 | % | 0 | %
Expected life (years)(4) |  | 4 years | ​ | 4 years | ​
Expected volatility(5) |  | 50 | % | 50 | %
Weighted average of Fair value of Options | ​ | EUR 1.60 | ​ | EUR 9.07 | ​
​
(1) | The Fair value per share is derived from the value of an ADS of Jumia Technologies AG traded on the New York Stock Exchange.
(2) | Risk-free interest rate is based on US government bond yields consistent to the expected life of options.
(3) | Expected dividend yield is assumed to be 0% based on the fact that the Group has no history or expectation of paying a dividend
(4) | Expected life of share options is based on the minimum waiting period.
(5) | Expected volatility is assumed based on the historical volatility of comparable companies in the period equal to the expected life of each grant.
Summary of awards and development during the period | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Weighted |  | Weighted |  | ​
​ | ​ | ​ | ​ | average | ​ | average | ​ | Weighted
​ | ​ | ​ | ​ | remaining | ​ | exercise | ​ | average fair
​ | ​ | Number of | ​ | life | ​ | price | ​ | value
​ |  | awards |  | (years) |  | (euro) |  | (euro)
Unvested awards outstanding at January 1, 2020 |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Granted during the period(1) |  | 2,445,833 | ​ | 2.4 | ​ | 1.5 | ​ | 1.4
Granted as a replacement during the period |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Replaced during the period |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Forfeited during the period |  | (40,000) | ​ | ​ | ​ | ​ | ​ | ​
Cancelled during the period |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Vested during the period |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unvested awards outstanding at December 31, 2020 |  | 2,405,833 |  | 2.4 |  | 1.5 |  | 1.4
​
(1) | Up to 1,420,848 additional options can be granted under the SOP 2020, if certain profitability conditions are fulfilled.
​

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- Definition The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's share options. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2020-01-01 -Paragraph 47 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2020-en-r&anchor=para_47_a&doctype=Standard -URIDate 2020-01-01 + Details
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- Definition The disclosure of the number and weighted average exercise prices of share options. [Refer: Weighted average [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2020-01-01 -Paragraph 45 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2020-en-r&anchor=para_45_b&doctype=Standard -URIDate 2020-01-01 + Details
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