Mdundo records 27% growth in Q1 2020/2021 report

That growth means it hit six million users.

On November 2, 2020, African music streaming and download platform, Mdundo released its Q1 2020/2021 report. This is its first report since it raised over $6 million upon going public in September 2020.

Mdundo, African music platform. (Mdundo)

In the new report, the company founded and led by Martin Moller Nielsen recorded 27% growth in Q1 2020/2021 for the year-ending June 2021 and that equates hitting over six million users. By the year-ending June 2021, Mdundo expects to have hit nine million users.

But for Q1 2020/2021, it recorded the following wins;

1. On track for all key metrics for 2020/2021.
2. Growth in user base across Africa.
3. Significant direct advertisement from Nigeria.