About Simfy Africa
Simfy Africa is a company based in Johannesburg (South Africa) founded in 2012 was acquired by MTN in November 2018. It operates as a Managed Services. Simfy Africa offers products and services including MTN Digital Services. Simfy Africa operates in a competitive market with competitors including Mdundo, WAW MUZIK, AfroCharts, NicheStreem and Masuul, among others.
- Headquarter Johannesburg, South Africa
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Sectors
Media & Entertainment
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Phone
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Website
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Social
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Products & Services of Simfy Africa
Simfy Africa offers a comprehensive portfolio of products and services, including MTN Digital Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Digital services are provided in partnership with MTN.
Funding Insights of Simfy Africa
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Simfy Africa
Simfy Africa has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include MTN. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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MTN Group is recognized as a leading telecommunications provider in Africa.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Simfy Africa
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Simfy Africa
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Simfy Africa Comparisons
Competitors of Simfy Africa
Simfy Africa operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mdundo, WAW MUZIK, AfroCharts, NicheStreem and Masuul, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
African music is streamed and downloaded on Mdundo's platform.
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| domain | founded_year | HQ Location |
Online platform for streaming music
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| domain | founded_year | HQ Location |
Discover, stream, and download African music, charts, and artists online.
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| domain | founded_year | HQ Location |
On-demand music streaming platforms are developed for emerging markets.
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| domain | founded_year | HQ Location |
Platform for Somali music content including lyrics and top artists online.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Simfy Africa
Frequently Asked Questions about Simfy Africa
When was Simfy Africa founded?
Simfy Africa was founded in 2012.
Where is Simfy Africa located?
Simfy Africa is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
What does Simfy Africa do?
Simfy Africa is involved in delivering digital services, primarily through partnerships like MTN Digital Services. The company operates in the technology sector, focusing on mobile and digital solutions for customers in South Africa. Its activities are centered around enhancing connectivity and digital access through collaborative efforts.
Who are the top competitors of Simfy Africa?
Simfy Africa's top competitors include Mdundo, Deedo and NicheStreem.
What products or services does Simfy Africa offer?
Simfy Africa offers MTN Digital Services.
Who are Simfy Africa's investors?
Simfy Africa has 1 investor. Key investors include MTN.
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