Mobisol GmbH announced a follow-on growth equity investment from its main shareholders. The capital will be deployed into the ongoing expansion in Mobisol’s core markets in Tanzania, Kenya, and Rwanda, including expansion of the Company’s product range and expansion into the Company’s recently expanded “B2B distributor partner” business in other geographies. The Company is expanding its product range to include new solar home systems, solar lighting systems, and solar business systems.
Part of the B2B strategy involves a major upgrade and eventual carve-out of Mobisol’s proprietary “Paygee” enterprise software into a stand-alone company capable of providing independent solutions to external customers.
Full article: MoneyMarketing