5 years ago

Truphone Secures $38M to Expand its eSIM Business

  • Truphone, a UK-based eSIM provider, has raised $38 million in funding, valuing the company at $516 million

  • The company will use the funds to continue investing in software development, network upgrades, and global expansion

  • Truphone has provisioned over 4 million eSIM profiles globally and is seeing 20,000 daily downloads

  • The company's eSIM operating system and secure remote SIM provisioning service have secured deals with 25 major operators, covering 200 million customers.

      • ProblemTelecommunications

      "making roaming and international data usage more convenient and cost-effective"

      Solution

      "providing eSIM services and software solutions for voice and data connectivity, allowing users to switch between carriers and access cheaper data plans without physically replacing SIM cards"

      Covered on