onoff’s €10 million fundraise announced this week

Community

22 June, 2018

OneRagteam

Share:

We’re very proud to report on onoff’s €10 million fundraise, which we participated in alongside Idinvest and Breega Capital. The funds will be used to invest in marketing and R&D to stimulate the further growth and international expansion of this innovative start-up.

The only provider to offer world portability, onoff users can transfer unlimited SIM card numbers directly into the cloud, and purchase any foreign SIM card at the local rate. With 5 million people in France paying for two SIM card-type subscriptions, onoff is able to tap into a significant market, offering users the ability to keep 2 or more numbers while only paying for one package.

Since we started following onoff revenues have tripled on an organic basis. The app now has 50,000 active users who have exchanged over one billion SMS messages, fantastic metrics with limitless potential for international growth.

Huge congratulations to Taïg Khris, CEO and Founder, and the rest of the onoff team!

You can read more about how onoff is revolutionising the telecom industry here.

And click here to see Taïg presenting with Stéphanie during Mobile World Congress 2018.

Click to see how it was reported in some of the media this week:

 

 

Are you an early-stage tech start-up with a mission to shape the world through innovation? Apply to our platform today to get funded, scale your business, and get access to unparalleled resources.