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MoboFree Ltd logo — company profile

MoboFree Ltd

Founded 2011 1 employees Venture round Marketplaces, Messaging +3

General Information

Company Name MoboFree Ltd
Founded Year 2011
Employees 1
Industries Marketplaces, Messaging, Mobile +2
Funding Stage Venture round
Social

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About MoboFree Ltd

MoboFree Ltd is a mobile-first social marketplace with a leading position in Africa, aiming to become the continent's largest by 2017. The company initially focused on enhancing the customer experience for feature phone users, as smartphone penetration in Africa is still relatively low. However, MoboFree has since optimized its mobile web version for smartphones as well, catering to a broader user base. MoboFree enables its African users to buy, sell, and swap items within their communities. Additionally, users can evaluate the background of potential buyers or sellers through features such as ratings, common friends, and transaction history. The platform also facilitates online negotiations through chat and private messaging tools. As of June 2014, MoboFree has amassed approximately 3.3 million registered users, with a significant user base of over 2 million in Nigeria. The project is experiencing rapid growth, with an influx of over 3000 new registered users daily. Having secured its leadership position in Nigeria, MoboFree is focused on expanding across Africa. The company's strategy involves establishing leadership roles in Uganda, Zimbabwe, and Ghana initially, followed by a second wave of expansion to additional countries by the end of 2014. The most recent investment was a Venture Round investment on 25th March 2015, with participation from eVentures Africa Fund and Million Monkeys. MoboFree operates within the messaging, mobile, and social media industries and was founded in 2011.

Taxonomy: mobile-first marketplace, social commerce, African expansion, feature phone market, smartphone penetration, online negotiation, user verification, Nigeria market, African expansion strategy, community trading platform

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round Undisclosed 2
eVentures Africa Fund, Million Monkeys
25 Mar 2015
Venture Round Undisclosed 1
eVentures Africa Fund
12 Feb 2014
Seed Round Undisclosed 1
StartupHighway
StartupHighway
01 Jan 2013

MoboFree Ltd Alternatives & Competitors

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MoboFree Ltd vs
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MoboFree Ltd vs
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MoboFree Ltd vs
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FAQ About MoboFree Ltd

Mobofree (www.mobofree.com) is mobile first social marketplace with a leading position in the African continent and a vision to become the largest one by 2017 Mobofree initially focused on featured phones customer experience (as smartphone penetration is Africa is still under 10%) and has since o...
MoboFree Ltd was founded in 2011.
MoboFree Ltd operates in Marketplaces, Messaging, Mobile, Social Media and Telecom. Its work centres on mobile-first marketplace, social commerce, African expansion and feature phone market.
MoboFree Ltd has approximately 1 employees.
MoboFree Ltd has completed 3 funding rounds. The latest funding stage is Venture round.
Top alternatives and competitors to MoboFree Ltd include Bubbly, Swapit Limited, Mercari US, Cartisan Exchange, Inc, Addlist. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
MoboFree Ltd and Bubbly are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for MoboFree Ltd, https://bouncewatch.com/company/mobofree-ltd, updated 27 October 2024. When citing, please name BounceWatch and link this page.

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