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Music streamer Mdundo sales drop 25pc despite push into mobile payments
Martin Moeller Nielsen, CEO and Co-founder of Mdundo gives a Press brief on the company’s financial performance and outlook at Pine Tree Plaza in Nairobi on June 27, 2023.
Kenya-headquartered music streaming firm Mdundo recorded a 25.5 percent drop in revenue in the six months to December 2025, despite expanded mobile money and telecom billing partnerships in recent years aimed at stabilising subscription income.
Mdundo’s revenue in the first half of its 2025/26 financial year declined to 4.4 million Danish Krone (Sh89.6 million), from 5.8 million DKK (Sh118.2 million) a year earlier.
