Wifi.com.ng’s parent company, TTZ, has raised $3 million in funding to set up its expansion program in other African countries.
The involvement of 4Dk Ventures in securing the financing is noteworthy. Due to its focus on deploying capital to African ventures, 4Dk Ventures sees TZE as a company with vast potential on the continent. Walter Badu, one of the founders of 4Dk Ventures, said the value in the company was very clear.
“If you take point-to-point efficiency to multipoint wireless technology and add to that solar infrastructure, you span the infrastructure generation. That makes it much easier to get cheap data into the hands of customers,” Baddoo said.
Vision
Kendall Anani, Co-Founder and CEO of TZET said, “TZET was created to address the poor internet connectivity not only in Nigeria but across the continent by developing a cost-effective solution from inception to delivery to be reliable. and unfettered internet access for millions of Africans.
TZET’s internet coverage covers 70% of Lagos, according to TechCrunch. Since graduating from Y Combinator’s Winter 2017 batch, TZT has installed over 7,000 public WiFi hotspots in Nigeria and has 150,000 users in the country.
“There’s a ton of capacity going to 16 submarine cables. [coming into Africa]”Anani told TechCrunch in 2017. “The problem is getting the Internet to the customers. You have balloons and drones and that works in rural areas but not in urban areas. We solve the Internet problem in a dense environment.
TTZ provides high-speed bandwidth to meet the requirements of consumer, commercial, property, hotel and multi-tenant buildings. The company uses solar powered towers to keep costs to a minimum.
Source: http://www.cp-africa.com/.
