Mobile money platform Pngme raises $3M to expand across Africa - 0 views
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Africa-focused but U.S. based unified financial data platform Pngme this week announced its successful seed funding round raised $3 million.
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Pngme hopes to tap into the burgeoning mobile money market in Africa that was kicked off with M-Pesa in 2007. Launched in Kenya, M-Pesa is a mobile banking service that allows users to store and transfer money through their mobile phones, largely targeting a massive population of unbanked citizens in the sub-Saharan region.
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Pngme has been able to raise $3 Million to expand its operation on mobile money into Africa. This competitor could acquire more market shares from M-Pesa if it succeeds to penetrate the African market using the right strategy.