Transsion

A profile of Nigerian fintech PalmPay, which raised $140M+ from Transsion and other Chinese firms, says it has 35M+ registered users, and aims to be “super app”

Aanu Adeoye / Financial Times :

A look at Shenzhen-based Transsion, whose Infinix and Tecno command about 50% of Africa's smartphone market and are finding success in Asia and the Middle East

Austin Carr / Bloomberg : Forums: r/Android Forums: r/Android : How an Unknown Chinese Phonemaker Took Over Africa

IDC: China-based Transsion, the largest smartphone manufacturer in Africa by market share, shipped 26M units in Q3 2023, up 35% YoY, for an 8.6% global share

Takashi Kawakami / Nikkei Asia :

Africa-focused payments startup PalmPay, which has just launched in Nigeria, raises $40M seed round led by Chinese mobile phone maker Transsion

Africa focused payment startup PalmPay has launched in Nigeria after raising a $40 million seed-round led by Chinese mobile-phone maker Transsion.

Chinese phone maker Transsion, which has an estimated 54% of Africa's feature phone market, will list its IPO on Shanghai's STAR Market, seeking to raise ~$426M

TechCrunch :

IDC: 142.3M smartphones were shipped in India in 2018, up 14.5% YoY; China's Transsion grew 75.9% to 6.4M units and Xiaomi grew 58.6% to 41M