💲TeamApt releases
Max.ng did the unexpected last week when it announced it was issuing bonds worth $22m to raise money. While issuing bonds is not an unusual way to raise money, it has been largely unexplored by startups. This much is evidenced by Max.ng being the first mobility company in Africa to issue bonds. So far, the company has raised $1m.
If the fundraising mechanism works out, it's a genius move. If it doesn't, well... you know how that goes. Regardless,we'll be here to cover the news for you.
|