Tizeti, a Nigerian internet service provider is eyeing an African expansion with the funds it has just raised from 4DX Ventures. The new financing round is worth $3 million.
Now, with the new funding, Tizeti is expanding its operations outside of Nigeria, launching a new brand — Wifi.Africa — and pushing its service into Ghana.
“Tizeti was built to tackle poor internet connectivity not only in Nigeria but on the continent as a whole, by developing a cost-effective solution from inception to delivery, for reliable and uncapped internet access for potentially millions of Africans,” said Kendall Ananyi, the co-founder and chief executive of Tizeti.
The company’s unlimited internet packages cost $30 per month, a price it’s able to achieve through the use of cheap solar electricity to power its towers.
On his part, Walter Baddoo, a 4DX Ventures co-founder, who will now join the Tizeti board of directors said in a statement: “Reducing the cost of data in Africa is a critical step in accelerating the pace of internet adoption across the continent. Tizeti makes it easier and cheaper to connect Africa to the global digital economy and we are excited to partner with Kendall and his team on this mission.”
Badoo added: “If you take the efficiency of a point to multipoint wireless technology and you add to that solar infrastructure, you leap-frog a generation of infrastructure. That makes getting cheap data in the hands of customers much easier.”
