Malawian music streaming startup Mvelani has raised USD 57,000 in funding from an Angel Investor. The money will be used to launch mobile apps and to expand into Nigeria.
Launched early last year by Dumisani Kpanga, Mvelani lets artists share their music on the platform by creating an account and uploading songs. Users are then able to stream this music.
Kpanga claims the platform already has thousands of users, with the aim being for Mvelani to become the biggest online platform for African music. He said the majority of modern music consumption generates little money for artists, a problem Mvelani was tackling.
The startup has now raised funding from an individual angel, which it plans to use to launch mobile apps to allow users to listen to songs offline.