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IoT.nxt secures funding to expand into European markets

Tuesday 14 March 2017 | 16:54 CET | News
South African Internet of Things company IoT.nxt has raised ZAR 100 million to fund its expansion plans, Fin24 reported. CEO of IoT.nxt, Nico Steyn announced that the company is looking to expand into the UK and other European markets, which are generally more developed in terms of IoT adoption than South Africa. He did however add that South Africa is rapidly catching up, and in some instances ahead of global companies.

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Categories: Mobile & Wireless
Countries: South Africa
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