Movivo secures funding round arranged by Angel Investment Network to support its mobile top-up platform.
The funding round was closed with assistance from Angel Investment Network.
Movivo operates a mobile platform that allows users in emerging markets to earn mobile top-ups through advertiser engagement and transfer airtime internationally without fees.
Movivo has closed a funding round facilitated by the Angel Investment Network, supporting its mobile platform for emerging markets.
The company allows users to earn mobile top-ups by interacting with advertisers through downloading applications or redeeming coupons. This earned airtime can subsequently be transferred abroad to family and friends free of charge, offering an alternative to traditional fee-based money transfers.
Additionally, the platform enables individuals without traditional bank accounts to receive funds using only a SIM card. The fresh capital will support the company's ongoing development in these markets.