Mdundo

The Nigerian naira fell 38% in Q1, putting pressure of Mdundo's revenue even as user growth continued unabated

The company reported a steep drop in ad revenue, but large growth in paid subscribers

Mdundo also reported a 239% YoY jump in revenue from paid subscriptions

Mdundo said it expects to hit 35 million MAUs in FY 2023-2024

Mdundo has published its quarterly report for calendar Q3 2022

MBW’s World Leaders series interviews Martin Nielsen, CEO of African music streaming service Mdundo

Mdundo's biggest country for Monthly Active Users is Nigeria, with a total of 4.9m

Mdundo listed on the Danish stock exchange (the Nasdaq First North Growth Market) in September 2020

The Kenya-founded music service has over 7 million active users per month

Company also recently inked a telco partnership with Vodacom Tanzania

Company listed on the Danish stock exchange in September

Service has 5 million monthly users, and a current valuation of around $16m