About Simfy Africa
Simfy Africa is a company based in Cape Town (South Africa) founded in 2017 was acquired by MTN in November 2018. It operates as a Subscription Services. Simfy Africa offers products and services including MTN Digital Services. Simfy Africa operates in a competitive market with competitors including Snapchat, WhatsApp, Blackberry, LINE and Kik, among others.
- Headquarter Cape Town, South Africa
-
Sectors
Telecommunications
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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 for MTN network users.
Funding Insights of Simfy Africa
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 |
|---|---|---|---|---|
|
MTN Group is recognized as a leading telecommunications provider in Africa.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Simfy Africa
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Simfy Africa
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 Snapchat, WhatsApp, Blackberry, LINE and Kik, 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 |
Multimedia messaging application for ephemeral photos and videos is provided.
|
|
| domain | founded_year | HQ Location |
Secure private messaging and multimedia sharing are facilitated worldwide.
|
|
| domain | founded_year | HQ Location |
Endpoint security and enterprise software solutions are provided.
|
|
| domain | founded_year | HQ Location |
Messaging app with voice calls
|
|
| domain | founded_year | HQ Location |
Multimedia messaging is enabled by Kik for mobile users.
|
|
| domain | founded_year | HQ Location |
Online messaging and calling features are offered by Messenger.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Simfy Africa
Frequently Asked Questions about Simfy Africa
When was Simfy Africa founded?
Simfy Africa was founded in 2017.
Where is Simfy Africa located?
Simfy Africa is headquartered in Cape Town, South Africa. It is registered at Cape Town, Western Cape, South Africa.
Who is the current CEO of Simfy Africa?
Burak Akinci is the current CEO of Simfy Africa.
What does Simfy Africa do?
Simfy Africa is involved in delivering digital services, primarily in collaboration with MTN. The company focuses on solutions for mobile network users in South Africa. Services are tailored to enhance user connectivity and digital engagement within the telecommunications sector.
Who are the top competitors of Simfy Africa?
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.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.