Cloud9 acquires Kenyan ticketing platform Mtickets

🎟️ Cloud9’s Big Move

Cloud9 is a fintech firm that focuses on the creative economy across Africa.
They just bought Mtickets, a startup from Kenya that handles digital ticketing.

Mtickets bridges offline to online, offering a ticketing platform for event organizers since 2014.
They support concerts, festivals, conferences, sports, cinema, and more cultural events.
On the platform, it allows participants to buy discover events, and purchase tickets; giving visibility to organizers on event attendance.
They have processed over 1 million tickets for events in Kenya.

While for Cloud9, it is a digital banking plaform, targeting mobile-native youth.
The platform makes it easy to create a multi-currency with instant spending and access to credit.
They are actively adding more financing tools to the platform, therefore leading to this acquistion deal.

With new acquistion partnership, Cloud9 and Mtickets will co-create an integrated ecosystem for ticketing, payments, and event finance.
Cloud9 offers event organizers with credit lines helping them to cover marketing and venue costs before an event starts.
Existing Mtickets users also benefit from the new integrated payment options from Cloud9.
They are also running pilots of expanding into travel and entertainment ticketing, such as air, bus, rail, and pay-per-view.