7 years ago

Truphone Raises $71 Million for Global eSIM Services, Valued at $507 Million

  • Truphone, a UK startup specializing in global mobile voice and data services via eSIM technology, has raised £50 million ($65.7 million) in funding

  • The funding, which comes from Vollin Holdings and Minden Worldwide, two investment firms with ties to Roman Abramovich, values Truphone at £386 million ($507 million)

  • Truphone has been an early partner with Apple to provide eSIM-based connectivity to iPads and is now expanding its services to iPhones

  • The company is also working with Synopsys and Workz Group to integrate its eSIM technology into chipsets and SIM manufacturing.

      • ProblemTechnology Infrastructure

      "Using a physical SIM card is inconvenient and requires swapping it out when traveling. It makes it difficult for people to manage their mobile plans while abroad, especially for international travelers. "

      Solution

      "Truphone is a global mobile carrier that offers eSIM services that eliminate the need for physical SIM cards. Users can manage their mobile plans through the MyTruphone app, providing flexibility for international travelers. "

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