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Spotify announces 50 million paid subscribers milestone

On Thursday, announced it has reached the 50 million paid subscribers milestone, growing 25 percent in less than six months and extending the Swedish music streaming service’s lead over its closest rival, Apple Music. This means that Spotify gained 20 million subscribers in a single year, and has is more than twice the audience size of… Read More »

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SA mobile payments startup Yoco raises funding for expansion

South African Fintech startup, Yoco has raised an undisclosed amount of funds from foreign based investors – US-based Quona Capital and Netherlands-based Velocity Capital – in a Series A funding round to aid its expansion across Africa and launching of new tools. Launched in 2015, Yoco is on a mission to empower the growth of entrepreneurial… Read More »

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Google expands Launchpad Accelerator program to Africa

Google has announced plans to expand its Launchpad Accelerator program to three African countries namely , Kenya, Nigeria and South Africa as part of the its fourth class which will kick off on July 17, 2017. The three countries will join countries from Asia and Latin America which have been part of the previous classes…. Read More »

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Travel booking platform Klook raises US$30M in Series B

Hong Kong-based booking platform for attractions, tours, and activities Klook today announced that it has raised a US$30 million in Series B funding. The round was led by Sequoia Capital China with participation from existing investors such as Matrix Partners and Welight Capital. Klook will use the new funding to further its global expansion efforts,… Read More »

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Nokia, Airtel Join Hands on 5G, IoT Applications

In a strategic move, India’s largest telecom service provider Airtel has joined hands with Finnish telecom equipment manufacturer Nokia for the creation of a strategic roadmap for network evolution to the 5G-technology standard and Internet of Things (IoT)-enabled devices. The two telecommunication giants will build on 4G in terms of power, operations and cost effectiveness… Read More »

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