• Latest
  • All
  • How To
Mdundo

Kenya Music Streaming Startup Mdundo Lists in Danish Exchange, Raises KES 700 Million

September 4, 2020
multichoice-dstv-showmax

MultiChoice Kenya Reports 15% Subscriber Decline as DStv Considers Standalone SuperSport Package

June 13, 2025
Huawei-Watch

Huawei Surpasses Apple to Lead Global Wearables Market

June 12, 2025
Kenya-KICTANet-MindHYVE-ai-

Kenya Partners with US AI Firms to Co-Create National AI Policy with KICTANet

June 12, 2025
youtube-apple-ai

Creators Can Now Promote Videos Without Leaving YouTube Studio

June 12, 2025
DHgate Tablet Cases deals
Roam

Roam Launches New Electric Bike Built with Boda Boda Riders in Mind

June 11, 2025
Android 16

Google Releases Android 16 Early with Powerful New Tools

June 11, 2025
Social media surveillance

New Proposal to Give DCI KES 150M to Track Social Media Users

June 11, 2025
Snapchat

Snapchat Launches a Messaging App for Apple Watch

June 11, 2025
2025 Afrilabs Annual Gathering

AfriLabs Annual Event Returns to Nairobi With Big Plans for Tech Scene

June 10, 2025
Solar panels in a field.

Kenya’s Solar Industry Warns of Mass Job Losses Over 16% VAT Proposal

June 10, 2025
Infinix GT 30 Pro 5G

Infinix Launches the GT 30 Pro Gaming Phone in India

June 10, 2025
microsoft-xbox-rog-console

Microsoft Unveils Its First Handheld Xbox Gaming Console

June 10, 2025
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
No Result
View All Result

Kenya Music Streaming Startup Mdundo Lists in Danish Exchange, Raises KES 700 Million

Kenn Abuya by Kenn Abuya
September 4, 2020
in News
Reading Time: 2 mins read
257
0
Mdundo

Today, Kenya music streaming startup Mdundo has listed its shares on the Nasdaq First North Growth Market Denmark. The company has its headquarters in the European country.

This development was initially reported by Disrupt Africa.

According to sources, the company has recorded a presale of USD 6.4 million.

The listing further seeks to cement the startup’s edge in the music streaming market in Africa.

Mdundo has been offering its service for an extended period, and at the moment serving 15 countries in the continent: Kenya, Tanzania, Uganda, Nigeria and Ghana, with an increasing focus on Zambia, Zimbabwe, Mozambique, Angola, Rwanda, Cameroon, Congo, Malawi, South Africa, and Namibia.

Its straightforward website is said to attract tons of traffic, with up to 5 million monthly active users.

Mdundo has also reported over 20 million in monthly downloads from its site and mobile apps.

The listing will see Mdundo acquire more funds that will see it expand its turf to other African markets, with the overall goal of being the leading company of its kind in the region.

A two-week tender period saw an oversubscription by 110 percent, with near 3000 investors and raising the aforementioned presale value.

Mdundo has been trying to address the issue of illegal streams and downloads. It hopes that 30 percent of mobile users that listen to music on their phones via illegal downloads will turn to its services.

As of writing this post, Mdundo is currently trading at DKK 10.148 (USD 162, Kshs 175.16) with an opening price of 9.997 DDK. They listed 10,196,668 shares which have a current market capitalization of DKK 103,475,87 ($16.485 million or Kshs 1.786 billion). They also revealed that their revenue was DKK 1 million ($159,322 or Kshs 17.26 million) in 2019.

What CEO Martin Nielsen said

It’s one of our key focuses at Mdundo, to get people who are currently accessing music illegally in Africa to move to legal platforms. We believe in a fair and open music industry on the continent, where African artists are remunerated for their great music, and fans can listen to all the music they want at a low/affordable cost.

Tags: Mdundo
SendShare147Tweet92
Kenn Abuya

Kenn Abuya

Kenn Abuya is a friend of technology, with bias in enterprise and mobile tech. Share your thoughts, tips and hate mail at [email protected]

Related Posts

Music Streaming Platform Mdundo Pays Out KES 60 Million to Rights Owners

Music Streaming Platform Mdundo Pays Out KES 60 Million to Rights Owners

February 9, 2023
Mdundo

Kenya-based Music Streaming Service Mdundo Records The Highest Number of Users in Nigeria

August 2, 2022
Mdundo

Music Streaming Service Mdundo Records 4 Million New Users

February 7, 2022
How To Stream Music in Kenya, Including on Spotify and Apple Music

How To Stream Music in Kenya, Including on Spotify and Apple Music

April 18, 2022

Senegalese-Born Artiste Akon To Launch Cryptocurrency, Akoin and Other African Tech Stories

June 27, 2018
mdundo-app

Four Year Old East Africa Music Distribution Service Mdundo Passes 8 Million Users Mark

July 12, 2017

Latest

multichoice-dstv-showmax

MultiChoice Kenya Reports 15% Subscriber Decline as DStv Considers Standalone SuperSport Package

June 13, 2025
Huawei-Watch

Huawei Surpasses Apple to Lead Global Wearables Market

June 12, 2025
Kenya-KICTANet-MindHYVE-ai-

Kenya Partners with US AI Firms to Co-Create National AI Policy with KICTANet

June 12, 2025
youtube-apple-ai

Creators Can Now Promote Videos Without Leaving YouTube Studio

June 12, 2025
Roam

Roam Launches New Electric Bike Built with Boda Boda Riders in Mind

June 11, 2025
Android 16

Google Releases Android 16 Early with Powerful New Tools

June 11, 2025

Best devices

budget smartwatches 2025

Best Budget Smartwatches To Buy in Kenya 2025

February 13, 2025

Best Infinix Smartphones To Buy in Kenya 2024

February 13, 2025

Best Laptops for Battery Life in 2024

August 21, 2024

Best “Battery Warrior” Smartphones To Buy in 2024

August 22, 2024

MultiChoice Kenya Reports 15% Subscriber Decline as DStv Considers Standalone SuperSport Package

June 13, 2025

Huawei Surpasses Apple to Lead Global Wearables Market

June 12, 2025

Techweez is a fast growing influential source of technology news, reviews and analysis by leading tech geeks in the industry.

Follow Us

Editorials

Actors and Film Crews Are Worried About Veo 3 Taking Their Jobs

Samsung QLED TVs Now Officially Certified for Real Quantum Dot Technology

Trump’s Tariffs Will Be the End of Affordable Tech

5 Ways to Prep Your Tech for Resale

The Weaponization of PDFs: How Cybercriminals Are Exploiting a Trusted Format

Introducing A Brainbox Quiz: Techweez’s Monthly Trivia Night!

More News

New Proposal to Give DCI KES 150M to Track Social Media Users

Snapchat Launches a Messaging App for Apple Watch

AfriLabs Annual Event Returns to Nairobi With Big Plans for Tech Scene

Kenya’s Solar Industry Warns of Mass Job Losses Over 16% VAT Proposal

Infinix Launches the GT 30 Pro Gaming Phone in India

Microsoft Unveils Its First Handheld Xbox Gaming Console

  • Terms Of Use
  • Techweez Brand
  • Privacy & Policy
  • Contact Us

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!

Hey there! Just a heads-up: we're big fans of cookies - both the digital and edible kind! 🍪 We use our cookies and some from third parties to ensure your browsing experience on our site is smooth sailing and secure.

 

But wait, there's more! We also use cookies to gather stats and insights on how you navigate our site. It's like getting a behind-the-scenes peek at your digital adventures!

 

Don't worry, you're in control. You can adjust your cookie settings anytime to suit your preferences. Feeling curious? Dive into our Privacy Policy for all the juicy details. Happy browsing! 🚀

Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
No Result
View All Result
  • News
  • Reviews
  • Features
  • Editorial
  • Automotive
  • Entertainment

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.