20NINE Tech AB's rights issue was completed in January and was oversubscribed by 146% within just a week after opening. The rights issue was completed at 3x higher valuation compared to the last rights issue in the summer of 2022. Through the rights issue, the company will receive gross proceeds of totally 15 MSEK.
20NINE and Africa's leading mobile payment provider, headquartered in Nairobi, are partnering to make it easier for African small businesses to get in control and grow by digitalizing their operations with 20NINE. With the agreement the provider's close to 60 million users will get access to 20NINE with start during the spring 2023.
20NINE, the SaaS platform for running, digitizing and growing small businesses, closes a new funding round and complements the board with additional competencies for increased growth and expansion.
20NINE strongly believes in the power of sharing and communities. The new partner / referrals program is an important step in increasing the 20NINE community and further fuel 20NINE's growth, both internationally and in Sweden.
A partnership has been signed with the solution provider Onvision from Chile, which will represent 20NINE in Latin America. 20NINE's new partner will both sell 20NINE, offer local payments, integrations plus training and support in Spanish to help digitising small businesses in Latin America.