Finnfund's 3.4 million US dollar investment in KaiOS helps bring affordable mobile connections to Sub-Saharan Africa
Finnfund invests 3.4 million US dollars in KaiOS Technologies , maker of KaiOS, the leading mobile operating system for smart feature phones. It has been estimated that 3.4 billion people in emerging markets do no use internet despite living in areas with mobile broadband coverage. One of the greatest barriers to mobile internet adoption is the cost of a smartphone, often being more than 20% of monthly income. KaiOS brings mobile connectivity to millions of people in emerging markets by providing an operating system that allows manufacturers and operators to make