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It’s the weekend and another edition of the Big 5 Daily!
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M-Kopa partnered Safaricom and Samsung to unveil a scheme that will allow low-income earners own smartphones. The program will give Kenyan low-income earners access to purchase smartphones and pay in installments.
US Sub Saharan Africa focused Venture Capital Fund, Lateral Capital, has exceeded its initial closing target by $30 million. The target was initially set for $20 million, but Lateral Capital closed at $50 million.
MTN South Africa has relaunched its mobile money service. The telco is relaunching after ditching the service over three years ago to boost its technology. MTN will leverage the launch to reach the unbanked in South Africa.
Skynamo, a tech startup that majors in field sales have secured $30 million funding from Five Elms Capital, a software investor based in the US. They will leverage the funds to boost their services.
Finally, GoDaddy—an American Internet domain registrar and web hosting company has acquired ownership of Over—SA-based social content startup. This acquisition will allow customers to build a brand from their mobile phones.
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