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Easy access to music for 150m  people in Africa

30th Juni 2020:

228,497

Songs - Africa

(+46.63% last year)

30th Juni 2020:

5,034,642

Active Users

(+172% last year)

30th Juni 2020:

1,625,015

Songs - Total

(+22% last year)

 

WELCOME TO MDUNDO

239 million people in Sub-Saharan Africa have access to the internet on their phones – this is expected to grow to 483 million in 2025. Mobile subscribers are already listening to music on their phones, but primarily through illegal downloads similar to the situation in Europe and the US around 15 years ago. For several reasons, Africa is now moving in the same direction as the West and music is increasingly accessed through legal music services targeting the African market.

Our Market

There are (generally speaking) few record labels in Africa and illegally-distributed music is very popular – just as it was in the West in the past. Global music service providers are partly available in Africa, but they aren’t tailored to local consumers’ listening habits. Around 80% of all the music enjoyed on the continent is created by African artists.

Our Music Service

Mdundo is 100% tailor-made for audiences across Africa. Our music platform is accessed through our mobile website, mdundo.com, and through our android app. It is optimised for unstable internet connections and affordable smartphones, popular with African consumers.

Our Strategy:

Mdundo is focusing on 15 countries in Africa with a commercial focus in Kenya, Nigeria, Tanzania, Ghana and Uganda. Mdundo wants to be the premier, legal, pan-African music service and we expect significant growth over the next five years through geographical expansion and pan-African partnerships.

ORDINARY GENERAL MEETING

Mdundo will hold its ordinary general meeting on 27 October 2020

 

COMPANY ANNOUNCEMENTS

MANAGEMENT

The Mdundo management has significant experience in artist / music management, music production, IP-rights, management, SEO/Content Marketing as well as sales and delivery of advertisement solutions in Africa.

Management Team

Martin Nielsen

CEO, Board Member

Co-founder of Mdundo in 2012, CEO since 2013. Martin has 323,259  shares in Mdundo.

Martin has a BSc. in Business Studies from Cass Business School, City University of London.

Martin’s career has been focused on technology in Africa. He started as Entrepreneur-in-Residence at 88mph, a tech fund focused on Africa and he is also advisor at the Norwegian VC Antler.

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Wanjiku Koinange

COO, Head of Music

Joined Mdundo in 2014 as A&R Manager and promoted to COO in 2016.


​Wanjiku has a Bachelor’s degree in Mass Communication & Electronic Media from Nazarene University and a Master’s in Radio Management and Production from University of Sunderland. ​

Wanjiku has more than 10 years of experience in media, radio and artist management and has a thorough understanding of the music industry in Africa.

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Peter Cabrera

Head of Sales

Moved to Kenya in 2018 and joined Mdundo the same year on a two-year contract.

Peter has a Bachelor’s degree in Philosophy and a Master’s in Aesthetics both from the University of York. ​

Peter started his career in headhunting with a focus on C-Level management in technology, media and entertainment from 2007 to 2018 before he joined the Mdundo team.

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Francis Muchina

Head of A&R

Joined Mdundo in 2018 as Senior Artist Manager and promoted to Head of Artist and Repertoire in 2019.

Francis has a Bachelor’s degree in Law from Jomo Kenyatta University of Agriculture and Technology. Francis had a strong focus on Copyright / IP Law and Music Licensing before joining Mdundo.

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Board Of Directors

Martin Nielsen

CEO, Board Member

Co-founder of Mdundo in 2012, CEO since 2013. Martin has 323,259  shares in Mdundo.

Martin has a BSc. in Business Studies from Cass Business School, City University of London.

Martin’s career has been focused on technology in Africa. He started as Entrepreneur-in-Residence at 88mph, a tech fund focused on Africa and he is also advisor at the Norwegian VC Antler.

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Jesper Drescher

Chairman

Jesper has been chairman of the board of Mdundo.Com LTD since 2014 and Mdundo.Com A/S since 2020. Jesper has 1,284,769 shares in Mdundo through JVD Holding ApS.

Jesper has an executive MBA from INSEAD Business School and more than 10 years experience building and running management consulting companies. He is a guest lecturer in entrepreneurship at INSEAD Business School.

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Jakob Sode

Board Member

Jakob has been a member of the board of Mdundo.Com LTD since 2018 and Mdundo.Com A/S since 2020. Jakob has 198,279 shares in the company through Jakob Sode Holding ApS.

Jakob has a HD(F), Graduate Diploma in Business Administration from Copenhagen Business School and more than 25 years experience in the finance industry as Financial Advisor and CFO. He is also an active investor and a member of the Danish Business Angels. Jakob is a  Senior Account Manager at the Danish Growth Fund (Vækstfonden).

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FINANCE

Financial Year: 1st Juli to 30 June

Financial Calendar:

29.09.2020 - Annual Report 2019/20

27.10.2020 - General Shareholder Meeting

30.10.2020 - Report: 1. Quarter 2020/21

09.02.2021 - Report: 1. Half year 2020/21

04.05.2021 - Report: 3. Quarter 2020/21

21.09.2021 - Annual Report 2020/21

Financial Reports

Articles of Association

 

PRESS

Selected Press

Contact: press@mdundo.com

30.10.2020 - Mdundo stiger kraftigt på First North efter stærk brugervækst - JP / FINANS

30.10.2020 - Mu­sik­tje­ne­ste mel­der om “kraf­tig vækst” og kom­merci­elt gen­nem­brud i et af ver­dens fol­ke­ri­ge­ste lan­de - BØRSEN

08.09.2020 - African Music Service Mdundo Raises $6.4m By Listing On Danish Stock Exchange - MusicBusinessWorldwide

08.09.2020 - Mdundo Goes Public In Denmark, Raises a Cool $6.3 Million - Digital Music News

03.09.2020 - Kenya-based music startup Mdundo to list on Danish exchange, raises $6.4m in pre-sale - Disrupt Africa

03.09.2020 - Danskstiftet "Spotify-pendant" er klar til First North - JP / FINANS

02.09.2020 - Investors Oversubscribe to Mdundo.com’s Denmark IPO by 111% - Kenyan Wall Street

02.09.2020 - 'Afrikas Spotify' går på børsen i Danmark - TV2 Business

21.08.2020 - Danish-owned Spotify competitor to be listed on Nasdaq First North - TOFTE&COMPANY

19.08.2020 - Mere end 40 business angels står bag afrikansk investering, der nu børsnoteres - BOOTSTRAPPING

19.08.2020 - PODCAST - Millionærklubben: Afrikansk musik på dansk vækstbørs - EUROINVESTOR

19.08.2020 - TV - Ung dansker vil være Afrikas svar på Spotify - TV2 GO' Morgen Danmark

18.08.2020 - Digital platforms give lifeline to Kenya’s creatives amid COVID-19 - UN CTAD

17.08.2020 - Ny dansk børsbaby på vej - vil opnå hvad Spotify og Tencent har formået - EUROINVESTOR

17.08.2020 - 43 dan­ske bu­si­ness an­gels vil no­te­re afri­kansk mu­sik­tje­ne­ste på dan­ske First North - BØRSEN

17.08.2020 - For­mand og sto­rak­tio­nær om ny mu­si­kak­tie: “Vi har ikke be­hov for at fyl­de op med an­ke­rin­ve­sto­rer, vi har en så at­trak­tiv case, at den nok skal få de rig­ti­ge in­ve­sto­rer” - BØRSEN

28.05.2020 - How East African Musicians Are Making Money Today - OKAYAFRICA

28.05.2020 - This Japanese VC has invested in 20 early-stage African tech startups so far this year - DISRUPT AFRICA

24.02.2020 - Africa dances to streaming revolution - AFRICAN BUSINESS

07.02.2020 - Mdundo and AudioLock crack down on music piracy in Africa - MUSIC ALLY

17.01.2020 - Global music streaming: ‘We are just on the tip of the iceberg of what this will become’ - MUSIC ALLY

25.12.2019 - Dansk idé har vokset sig stor i ”Silicon Savannah” - JYLLANDS-POSTEN

19.12.2019 - Opera Mini in music download deal with Mdundo - BUSINESS DAILY

01.10.2019 - CEO Martin Nielsen On What's Changed in the African Music Digisphere - ALLAFRICA

29.07.2019 - 5 best places to download Kenyan music - HAPA KENYA

04.06.2019 - Are Spotify, Apple Music and YouTube the new record labels? - MUSIC ALLY

23.01.2019 - African music: ‘We’re here to stay, and you’re going to know about it!’ - MUSIC ALLY

17.01.2019 - Mdundo to Speak on Music Services in Africa at NY: LON Connect 2019 - KENYAN MUSIC

02.01.2019 - Top 5 Music Streaming Apps for Ugandan, Kenyan and Nigeria music - DIGNITED

29.07.2019 - 5 best places to download Kenyan music - HAPA KENYA

12.12.2018 - Mdundo, a streaming service in Kenya is ready to cover the African continent - REGIONWEEK

08.12.2018 - Kenya: Mdundo, service de streaming 100% africain - RADIO FRANCE INTERNATIONALE

05.06.2018 - Africa’s music opportunity: ‘One thing you have to have is resilience’ - MUSIC ALLY

25.03.2018 - Danske Martin streamer musik til 12 millioner afrikanere - DANMARKS RADIO

04.03.2018 - Universal Buys Majority Stake in Kenyan Label AI Records - MUSICBUSINESSWORLDWIDE

10.01.2018 - We failed our way to the top - STANDARD

14.11.2017 - Warner Music Group Signs Licensing Deal With African Streaming Service Mdundo - BILLBOARD MAGAZINE

20.04.2017 - East African musicians breaks Guinness World Record For The Longest Song Ever - CAPITALFM

07.03.2017 - Danskere stormer frem med Afrikas Spotify konkurrent - BØRSEN

26.12.2016 - This Founder Says Africa Is A Better Place For Entrepreneurs Than Europe - FORBES MAGAZINE

07.01.2015 - 'Mdundo': East African tunes for the mobile generation - CNN

04.09.2015 - Mobile music platforms keeping African artists on song - BBC

 
 

CONTACTS

Investor Relations

Mdundo.com A/S

Email: ir@mdundo.com

Telefon: +45 23 22 99 00

Adresse: Jagtvænget 2, 2920 Charlottenlund

Certified Adviser

Kapital Partners ApS

Email: info@kapitalpartner.com

Telefon: +45 72 30 40 80 

Adresse: Jernbanegade 4, 1608 København

Press

Mdundo.com A/S

Email: press@mdundo.com

Telefon: +45 23 22 99 00

Adresse: Jagtvænget 2, 2920 Charlottenlund

Formal (use first) Mdundo Picture_edited

© 2020 MDUNDO.COM LIMITED

ALL RIGHTS RESERVED

 

TERMS OF USE

 

PRIVACY POLICY

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