Singularity Investments has announced an undisclosed investment in Sliide Airtime.
Sliide Airtime is a privately-held technology company with offices in Lagos and London. Its content delivery platform is changing the way people interact with their phones by subsidising their airtime. The Sliide Airtime service gives consumers the ability to earn free airtime, whilst also keeping up-to-date with all their favourite news and gist.
According to Singularity Investments Principal, Issam Darwish,“Sliide has an innovative business model that enables operators and consumer brands to achieve sustainable customer engagement in competitive environments, while enhancing the value of the mobile experience for their customers. We believe that, by combining the innovative ideas and skills of the Sliide team with our expertise in scaling pan-African businesses, the Sliide platform is just the first of the company’s disruptive mobile-based products that will add tremendous value to the mobile ecosystem across Africa.”
CEO and co-founder of Sliide Airtime, Corbyn Munnik said, “The response to our launch in Nigeria was phenomenal and exceeded expectations. Our business model has proven successful, and we welcome Singularity’s involvement as we continue to grow the company.”
Sliide intends to use this new funding to expand its Nigerian operations. It also intends to raise some more money later this year to expand to other African countries.
