Mdundo.com A/S
MDUNDO.CO
NASDAQ Copenhagen1.02
DKK
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Mdundo.com A/S
MDUNDO.CO
(NASDAQ Copenhagen)
Recent
price
1.02
P/E
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Mdundo.com A/S develops and operates mobile web-based music streaming and download services primarily in Sub-Saharan Africa. The company provides free access to songs from African and international artists, DJ mixes, playlists, podcasts, music news, and hyper-local genres such as Fuji, Highlife, Luo (Ohangla), Zilizopendwa/Rhumba, Singeli, Hausa, Kalenjin, and Katitu/Kamba; premium ad-free subscriptions with unlimited downloads via daily, weekly, or monthly plans; and artist promotion tools including distribution to mainstream platforms and promo packs for fanbase growth. It generates revenue from telecommunications partnerships, advertising with pan-African brands and banks, and diversified payment channels like card billing and mobile wallets. Mdundo.com A/S was founded in 2012, became a publicly listed entity in 2020 on Nasdaq First North Growth Market Copenhagen under ticker MDUNDO.CO, and maintains headquarters in Charlottenlund, Denmark, with its subsidiary Mdundo Limited supporting operations across key markets including Kenya, Nigeria, Tanzania, Ghana, South Africa, Uganda, Zambia, Cameroon, and Malawi. The company employs approximately 18 people and reported 39.2 million monthly active users as of March 2025, targeting 40 million by June 2025. Recent developments include new telecommunications partnerships with Globacom Nigeria and MTN Cameroon, exceeding the full-year target of two to three deals and expanding premium access to over 352 million customers via eight telco partners including MTN Ghana, MTN Nigeria, Vodacom Tanzania, Vodacom South Africa, Airtel Nigeria, Glo Nigeria, and Safaricom Kenya; a strategic alliance with Minipay wallet for Opera Mini browser subscriptions; launch preparations for direct card payments outside Africa; initiation of a strategic review in April 2025 with Deloitte Corporate Finance South Africa to explore ownership changes, investments, or consolidation; and revenue guidance for FY 2024/25 of DKK 11-12 million with EBITDA improvement to DKK -4 to -5 million, alongside FY 2025/26 expectations of subscription revenue growth to DKK 8.5-9.3 million.